In the last seven days, after Bitcoin [BTC] hack, after being questioned against the “credibility” of the exchange, Binance has been in the headlines. Since the 7000 BTC hack, Binance has worked early and on press time, Binance released its third security update last week.
It was announced that the exchange would have been running a scheduled upgrade which starts on May 15, 2019 at 3:00 am [UTC]. The upgrade will run for a period of 6-8 hours.
It was also mentioned that the exchange system will suspend deposits, withdrawals and trade during the upgrade period. The blog says,
“Deposits that are not completed before the start of the upgrade will be processed after the upgrade is complete. Please allow some time for deposits to be reflected in your account following the system upgrade.”
In addition, it was mentioned that after upgrading, users granted a 30-minute window to cancel the order, cancel the process and withdrawal, and use all other account services before starting the business on the exchange. Will go.
In recovering from BTC theft, the Binance have been relatively active in the last few days. After hack, due to irregular trade, Binance banned all existing API keys like dipost and binance withdrawal so that business functionality could come back.
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