Binance Users Lost Their Money Due To Lag With Trade Settlement And Balance Syncing

Today, early in the morning, Binance users have experienced a large lag with trade settlement and balance syncing. Some people even have lost thousands of dollars because of this glitch. ChangPeng Zhao, the CEO of Binance, said that they were already working on this problem.

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Several traders have stuck while performing the transaction, which led to unintended losses. They wrote about their struggles in Twitter. Here are some of them:

 

Changpeng Zhao blamed the lag on heavy order volumes.

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