Hong Kong-based cryptocurrency exchange Binance said it won't resume trading or enable customer withdrawals until Friday amid a continued blackout blamed on a prolonged system upgrade.The suspension has sparked fears that the exchange has been hacked, though Binance,
responding to such comments on Twitter, has strongly pushed back against the claim.According to the most recent statement from Binance, the exchange is expected to resume trading at 4 a.m. UTC on Friday.
"we are able to permit a 30-minute window in which users can cancel open orders previous to buying and selling being opened," the exchange wrote. "we will hold to replace each hour till the improve is whole."
The exchange first posted on twitter about the buying and selling outage on Wednesday, telling customers that they'll see some degraded performance for the length.
However, hours later chief govt changing Zhao announced that a server problem triggered statistics to fall out of sync, stating that the improvement crew might re-sync from a master database. In subsequent tweets, Zhao said that the upkeep did now not proceed as deliberate, prolonging the outage.
Binance first launched in the summer of 2017, and in recent months has become one of the largest venues for cryptocurrencies by trade volume. According to a December report from Tech In Asia,
the exchange was seeing as much as $500 million in daily trading volumes at the time.
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