Binance is one of the Largest Cryptocurrency Exchanges in the world which kept everyone on the edge this past 2 days since they shutdown the trading and withdrawal for more than a day. This had led to several rumors that the exchange has been hacked. But the founder of Binance, Changpeng Zhao had immediately clarified that the exchange was not hacked and also the official twitter account of Binance has been very actively communicating about this issue. More over they went one step ahead and provided their public address of Bitcoin and Ethereum so that it can clearly convey that they did not loose any money or nothing was hacked.
Below is the snapshot from blockexplorer for the Binance Bitcoin Address
31784 BTC = $266,925,528 USD
Below is the snapshot from Etherscan for the Binance Ethereum Address
189234 ETH = $160,235,214 USD
https://www.binance.com/ is still having some troubles and they have opened the below sub domains due to the DD0S attack on the Cloud provider
- US - https://us.binance.com/
- Korea - https://kr.binance.com/
These sub domains still having issues and is not fully up and running or atleast the withdrawals and tradings are not completely working.
One needs to understand that their user database is really really huge and more over they have opened up the registrations again for a short period of time. So larger timeframe for system upgrade is reasonable and network congestion is a given since everybody wants to get in see that their money is safe. I'm hopeful that it will be fully operational anytime now. Binance is currently offering 70% discount on trading fees until Feb 24 if that is any consolation for you :-)
