Binance had system issue, CZ ensures funds are SAFU

11 Feb, 2019 | Updated: 11 Feb, 2019
by Fifi Arisandi
Exchange
Binance had system issue, CZ ensures funds are SAFU

Binance had an issue that caused the system down for a couple of minutes, CZ ensured funds are SAFU. 

Binance’s CEO, Changpeng Zhao just posted on his Twitter account regarding the system down on his exchange’s platform.

He said that several users may have been affected for 30 minutes from what he called as “a middleware issue”.

He, however, ensured his followers that “Funds are SAFU” and went on saying that everything should be back to normal already by the time he posted the tweet.

That said, some people left comments on the post, saying that they’re still experiencing some problems while accessing their Binance accounts.

“I keep getting I'm logged in elsewhere activity,” said a user, @CryptoMH3, which is affirmed by several other people, although @ElyAlfaro7 said that, “Thanks for quick response! I’m back up and trading...keep up the great work.”

CZ is known for his fast response, especially when Binance experiences unwanted issues. The attitude, somehow, has built a "strong connection" with the users that has led to they're having some sort of "trust" to him and the exchange itself.

Meanwhile, just a couple of days ago, renowned exchange, Bitfinex experienced an “issue” that made their users unable to access the platform. After getting responses questioning the scale of the issue, the exchange revised their statement from “affected some users” to “all users”, before eventually confirming that it has been resolved.

Read more: Bitfinex goes offline leading to concern among users

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