Post
Topic
Board Exchanges
Re: Binance suddenly haults all crypto trading services on spot!
by
pawel7777
on 24/03/2023, 22:36:21 UTC
Withdrawal is already resume guys based on Binance official tweet 1hr ago https://twitter.com/binance/status/1639283928665038849?s=61&t=KvAyBeyzVhJJLph8n5IBkg . Binance manage to become transparent on the process of fixing the issue to stop FUD in the market. This minor problem is now cause an immediate panic attack due to the previous experience from FTX and other failed DeFi.  Cheesy

They handled it perfectly with hourly updates and clear, technical information on what exactly went wrong + their ETA of recovery was accurate. That's pretty impressive.
So far, Binance has managed to turn every unfortunate event (like this one, BUSD regulatory issues or previous hacks etc) in their favour and increase its credibility.

That being said, do not keep your funds on any exchange unless you really have to.