Exchange completes system update and resumes work

Binance, a crypto exchange, based in Hong Kong, announced the resumption of all trading operations, including the input and withdrawal of funds.

In the update status, the platform also said that until February 24, it will reduce the trade charge by 70 percent to express its “gratitude” to users for their support during this process.

Recall, the exchanger reported on the suspension of work on Wednesday, citing problems with servers. Later, the platform announced that it would take more time than originally planned to restore the services. Earlier, the stock exchange announced that it plans to resume work today, at 04:00 UTC, but this did not happen.

This incident made the Exchange users worry that it might have been hacked, given the similarity to the recent cracking of the Japanese exchange Coincheck, which had previously made similar statements.

Zhao Changpeng, the founder, and CEO of Binance, soon denied rumors of hacking, claiming that suspension of services was necessary to complete the upgrade of the platform.

Zhao added on Twitter that customers trying to access Binance.com may still face problems because the cloud-based website provider recently underwent a DDoS attack.

According to him, although this problem is solved, some difficulties can still arise.

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