Changpeng Zhao (CZ), CEO of the world’s largest crypto exchange Binance, made statements after the technical problem.
Binance’s social media account “They have identified an issue affecting spot trading. And temporarily suspended spot transactions” After the announcement, Binance CEO CZ made statements on the subject on Twitter.
Binance’s deposit And pull operations Announcing that it has stopped, CZ made the following statements:
According to preliminary information, a strange error has occurred in the match engine. We fix the problem. It dissolves in an estimated 30 to 120 minutes. Deposits and withdrawals have been suspended as per a standard procedure. Client funds are safe.
After the explanations from Binance Bitcoin (BTC) price movement was observed.