Cryptocurrency exchange Binance says it is back up and running after it was forced to suspended all spot trading on its platform due to a bug.
In a tweet, the firm said that all trading was set to resume at 14:00 UTC after temporary system maintenance had been completed.
Temporary system maintenance is complete. All trading will resume at 2pm UTC.You can now cancel orders, process deposits, trade on P2P, and more.Withdrawals will be resumed shortly after spot trading starts. Full details in the link below.https://t.co/bmVG5uQa2F— Binance (@binance) March 24, 2023
The issue lasted for more than two hours, sending cryptocurrency prices down. Binance processed nearly $15 billion in spot trading volume in the last 24 hours, according to CoinGecko.Earlier, the firm’s CEO Changpeng Zhao, tweeted: "Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU."
By on Fri, 24 Mar 2023 14:32:00 GMT
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