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Binance, the major cryptocurrency exchange currently ranked second to OKEx in terms of trading volume, has temporarily suspended withdrawals and trading.
The outage at the trading venue, one of the world’s biggest, comes after a Reddit user published the following complaint: “WTF is happening! Binance just sold all my alts at market rate and I have got just the Bitcoin now. Is it because of account getting hacked or binance bot issue? Have raised a ticket 715903 for this.’
According to several posts on Reddit, Twitter and other social channels, someone hacked the trading bot used by majority of people on Binance. ... (read more)