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

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Read more about:BinanceChangpeng Zhao

Poll

Do you use Binance?

(37 votes)

Add a comment

it's fucking coinbase spread rumors about binance as they wish to compete. All this is lie.
11 Feb, 2019 - 19:27
Sure thing! Who believed coinbase shitty storytelling about Binance??
15 Feb, 2019 - 12:01
At least binance makes statements about such thinks. When bitstamp had this they didn't even say anything...
12 Feb, 2019 - 09:05
haha why should they? did someone need it?
everyone knows that bitstamp is nothing to look on
15 Feb, 2019 - 12:02
When coinbase are having issues they don't apologise or explain. They just say that coinbase is under maintenance.
12 Feb, 2019 - 16:09
Can be somehow else? CB does not care about their customers and therefore does not make announcements of problems like other decent exchanges
13 Feb, 2019 - 14:12
I think it's a cultural thing. Almost all the Asian exchanges are quite polite and explain and/or apologise for inconveniences. Bitfinex also notifies the users about everything. Would not say the same about American ones.
13 Feb, 2019 - 19:54
Binance is fine company to trade there.
18 Feb, 2019 - 20:49
why haters always blame binance and bitfinex? who do it?
24 Feb, 2019 - 09:20
that error at bitfinex was some kind of technical issue that was solved very fast and guess traders did not lost their funds
26 Feb, 2019 - 16:25
both binance and bitfinex are reliable exchange. i have accounts there and i have not seen an issue withing last few years
16 Mar, 2019 - 10:35
even tough i would have lost my funds if i was trading at that time when error occur i still understand that bitfinex is very exchange and like any other major exchange it will have some kind of connectivity errors
27 Feb, 2019 - 10:44

Check out the latest news

You will be logged out and redirected to the homepage