Binance Resumes Trading After Temporary Blanket Suspension

Binance Resumes Trading After Temporary Blanket Suspension

Binance has just released a short statement confirming that all trading has once again resumed on its platform after a temporary blanket shut-down of activity on its site.

The resumption follows a temporary suspension of trading that had lasted a number of hours on the world’s leading cryptocurrency marketplace after some irregular activity had been spotted in relation to trading of the Syscoin (SYS) token which, it is believed, is thought to have been trading at a token price of 96 BTC at one stage. 

Further Details to Follow

The Binance team have not released any further details in relation to the episode itself, but it is thought that some unusual bot activity may have been behind the artificial inflation of the Syscoin token price.

Consequently, it appears Binance had thus decided to suspend all activity on its site purely as a matter of precaution whilst its engineering team investigated the issue further. 

Nonetheless, a further statement is expected from the Binance team later in the day in relation to the incident. Those who want to follow progress on the episode can do so here