The Coin Shark: Binance Users Lost Their Money Due To Lag With Trade Settlement And Balance Syncing
Today, early in the morning, Binance users have experienced a large lag with trade settlement and balance syncing. Some people even have lost thousands of dollars because of this glitch. ChangPeng Zhao, the CEO of Binance, said that they were already working on this problem.
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Several traders have stuck while performing the transaction, which led to unintended losses. They wrote about their struggles in Twitter. Here are some of them:
lag on webpages fixed, still a backlog on the order & balance updates, should sync up soon. https://t.co/J9vZsK4end
— CZ Binance (@cz_binance) May 22, 2019
I lost almost 3 btc
— seanray (@seanray_7) May 22, 2019
Changpeng Zhao blamed the lag on heavy order volumes.
no time for choice of words when there are systems issues.
— CZ Binance (@cz_binance) May 22, 2019
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