Binance Facing Synchronization Issues, Remedial Measures Already In Place
Binance, one of the world’s most trusted Cryptocurrency exchanges, is currently being affected by an ‘unknown issue’ that is reportedly causing the platform to malfunction. More specifically, some of the balance sheets and order forms on the firm’s ledger system are not synching as usual, thereby causing customers some functionality issues in regards to things like
- Withdrawal of Funds.
- Balance Movement.
- Order Updates.
However, within minutes of this issue coming to the forefront, Binance CEO, Changpeng Zhao, immediately issued a tweet so as to allay any fears that customers might have had regarding the safety of their funds.
Experiencing some synchronization issues. Some data (balances and some orders) are out of sync. Will be synced shortly. Thank you for your understanding and support!
— CZ Binance (@cz_binance) September 12, 2018
As per the tweet, the devs over at the exchange have already “identified the issue” and are working to rectify the problem as soon as possible. Zhao also noted that the synchronization issues currently being experienced by Binance are nothing out of the ordinary and normal services should not be affected in the slightest.
From the outside looking in, this issue does not seem to be anything out of the ordinary and most definitely does not warrant a ‘red flag’ at the moment.