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.