Binance Suffers Crippling Lag, Angry Crypto Traders Lose Thousands

Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it.

Chanpgeng Zhao, often referred to as “CZ,” is an unstoppable Twitter user, but he did not immediately respond directly to any of these public complaints. He blamed the lag on heavy order volumes.

Binance explained that API users, or mainly bots and trading software, were not affected. Regular users who enter trades manually were affected for at least a couple of hours.

Reference: https://www.ccn.com/binance-suffers-crippling-lag-angry-crypto-traders-lose-thousands

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Author: Neo Anderson

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