Black_background_logo_BitcoinWorld-removebg-preview
Binance (Courtesy: Twitter)
Latest News

Binance Suddenly Crashes Due To Gateway Issue

Binance (Courtesy: Twitter)
Binance (Courtesy: Twitter)

Binance went down temporarily on Thursday. For around an hour, it wasn’t possible to access the platform via an internet browser or its mobile application.

This caused mild panic among crypto investors, although many noted that this was not the first such occurrence.

Binance was quick to respond, releasing a statement that read: We are aware of some temporary difficulties accessing http://Binance.com. Rest assured our team is working on it. Thank you for your patience and apologies for any inconvenience caused.

The crypto giant also had access problems when the bitcoin price dropped recently. At that time, after the sharp BTC drop, there were claims that the crash contributed to the decrease, a problem that naturally caused a mini-panic among investors.

More than a few Twitter users took it as an opportunity to criticize the exchange over perceived management issues and the inability to handle significant BTC price movements.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.