Binance overload due to surge in order volumes leaves community angry

23 May, 2019
by Ryan Boltman
Exchange
Binance overload due to surge in order volumes leaves community angry

Binance exchange recently suffered to operate as normal yesterday, following an overload due to record order volumes, causing some features of the exchange not to operate. 

Some users described the overload as not allowing them to place sell orders or even acknowledge if orders had been filled. Other users also explained that their balances were not updating while deposits were also delayed.

CZ commented on the overload saying that heavy loading on PC, Web and APP was being experienced and that the issues were being worked on. CZ stated "Much heavier load than even peak of 2017. Good problem to have. Working on it."

While CZ kept the community updated with the issues, and expressed that this was a good problem to have, users did not quite feel the same way with many of them showing their discontent. The load issues come weeks after the recent hack on Binance which saw $40 million in BTC stolen from the exchange. While Binance admitted that they would be covering the loss and not users, it promoted a one week delay in withdrawals and deposits on the exchange.

The recent issues will only give users more reason to be concerned, especially the users who claim to have lost funds during the exchange overload.

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