Binance Exchange Has Technical Issues, But Claims Funds Are Safebr>
Cryptocurrency exchange Binance is suffering from a technical issue that saw some account holders compromised, with their altcoins coins sold without authorization and converted into bitcoin.
A Binance spokesperson responded via Reddit to user uproars. “We are investigating reports of some users having issues with their funds,” the Binance support rep wrote. “Our team is aware and investigating the issue as we speak. Please remain patient and we will provide an update as quickly as possible.”
Binance CEO Changpeng Zhao assured users that all funds are safe. “All funds are safe. There were irregularities in trading activity, automatic alarms triggered. Some accounts may have been compromised by phishing from before. We are still investigating. All funds are safe.”