- Deposits, withdrawals and trading will be frozen today as Binance looks to complete scheduled maintenance.
- The action taken from the exchange comes after the large hack of some 7,000 BTC, which caused much devastation.
The world’s largest cryptocurrency exchange by traded volume, Binance announced a planned maintenance period of 6-8 hours today – Tuesday 14 May. They will continue on the freezing of deposits, withdrawals and trading.
Upon completion of the maintenance, Binance will reopen for deposits and withdrawals, thus ending the limited period of lockdown, which follows from the devastating hack that led to the loss of over 7,000 BTC.
The final stretch, 11PM Tuesday, EST + a few hours. Thank you for patience, cooperation and support so far! During the trading halt, we will update no less than every 2 hours, as per usual.
Binance further added:
Once the upgrade is complete, we will make a further announcement and provide users with a 30-minute window to cancel orders, process deposits, withdrawals, and use all other account related functions before trading resumes.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.