Binance Suspends Trading Due to a Message Broker Issue; CZ Says Funds are Safe
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Binance, the arguably largest cryptocurrency exchange by trading volume has recently announced the suspension to trading activity on its trading platform, citing a message broker issue.

The CEO of the cryptocurrency exchange, Changpeng Zhao, popularly known as CZ passed this across to his teeming followers and users on Twitter moments ago.

The CEO assured that work is ongoing to bring about normalcy, for usual trading activities to continue.

He shared this, “Trading paused due to a message broker issue. Working on it.”

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In the quest to calm the users down regarding the trading activity’s suspension, CZ shared another tweet to clarify that the issue is not funds related, but system issue.

“System issue, not funds related. Funds are safe,” CZ shared.

CZ Assures that System will Come Online in 15 to 30 Minutes’ Time

After a few minutes, the Binance CEO hinted that the issue with the system has been fixed, assuring that trading activities will be activated in 15 to 30 minutes’ time.

However, he said there is a possibility for a longer time for the system to fully resume since a few minutes will be needed to cancel the already sent orders.

“Issue has been fixed. Systems coming back online. “a few” minutes. My best guess will be 15-30 min. But I am usually wrong. Will give a few minutes to cancel orders before trading resumes,” CZ shared.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.