Bitcoin News: Binance, the world’s largest crypto exchange announced that all spot trading on the platform is suspended on a temporary basis. It added that they are aware of an issue impacting the service and it will be resolved as soon as possible.
Changpeng Zhao (CZ), CEO of Binance stated that after an initial analysis, it is indicated that the matching engine encountered a bug on the trailing stop order. He highlighted that it the estimated recovery time has come out to be anywhere between 30-120 minutes.
CZ indicated that deposits and withdrawals are paused as a part of SOP and all the funds are safe.
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