The Fall of the Binance Service – Users Complain of Losses

News

On December 21, Binance exchange announced a complete suspension of the function of depositing, withdrawing and transferring funds. Futures trading was not affected.

Binance informed traders that they will have 30 minutes before trading resumes to cancel orders, deposit and withdraw funds, and transfer assets.

Traders were unable to make gains on price fluctuations, and many of them reported losses due to a significant drop in the price of the newly listed JUV token when trading was unavailable.

Image: Binance

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