As Cointelegraph reported on Feb. 19, Binance temporarily suspended most of its crypto trading platform activities due to unscheduled system maintenance. For several hours the exchange’s users were unable to perform most basic functions including deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts, and fiat wallets on the platform.
During the outage, Binance CEO Changpeng Zhao explained that the root cause of the trading halt was a technical issue with one of the market data pushers. In the end the exchange solved the issue the same day, waived the day’s margin trading interest, and resumed trading after allowing a thirty minute window for canceling orders. The firm reassured Cointelegraph that no malicious activity was involved in the malfunction.
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