A gentle reminder to perform a due diligence before using a crypto exchange/wallet service to avoid losing your funds.
Popular exchanges like Binance also allegedly fail at critical moments.
Last month we noted several technical issues on Binance, posted as “heavy market activity” by the Binance official page on X.
Many users reported frozen accounts and failed stop-loss orders during the the sharp market crash.
Even Coinbase and Robinhood reported similar issues.
However, this is not the first time Binance has faced such accusations. Some traders compared it to a similar incident earlier this year, when sudden service halts coincided with large-scale liquidations.
Binance outage likely amplified the crash triggered by Trump’s 100% China tariff threat, which had already wiped $200 billion from the global crypto market earlier.
Read more: https://beincrypto.com/binance-freeze-accusations-during-crypto-crash/
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