Binance: Funds "SAFU" after an Amazon Net Companies error stops recording


Cryptocurrency trade Binance has confirmed that consumer funds should not in danger after a reported technical drawback started with the withdrawal.

In accordance with CEO Changpeng Zhao, also referred to as CZ, the scenario was resolved on August 23, whereas cash safety was not compromised.

"Funds are #safu," he wrote twitter, utilizing a now-known slogan that he had beforehand made unintended, whereas confirming that there was no hazard to it cryptocurrency holdings.

"Funds are SAFU" after AWS error failed withdrawals

The issue, he defined, targeted on Amazon Net Companies (AWS). Issues with caching brought on error messages for a few of Binance merchants, with withdrawals that have been additionally affected.

“AWS has an issue, often with caching companies, that impacts some customers worldwide. We work with them and maintain a detailed eye on the scenario ”, wrote CZ and added:

"It causes round 500 error messages on API & # 39; s and impacts some recording processing."

Binance removes the alleged KYC information breach

Binance had simply recovered from one publicity concern involving a self-proclaimed hacker who claimed he had entry to Know Know Your Buyer from customers, or KYCinformation.

A hack noticed cash for that Worth $ 41 million go away the platform resulting from a safety difficulty – one thing that led to a one-week upkeep shutdown and funds to affected customers.

This week, Binance announced it labored on a brand new cryptocurrency undertaking, Venus, as a solution to Facebook & # 39; s controversial Libra digital foreign money.

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