Binance suspended the withdrawal of part of the assets – Bits Media

The largest cryptocurrency exchange of the world has announced, which temporarily blocked part of the accounts, who managed to earn on the recent abnormal volatility of a number of cryptocurrencies.

Binance explained its actions with an abnormal movement of prices in certain trade in pairs ”:

“We know about the anomalous movement of prices in some trading couples on Binance, Including assets like Sun, Ardr, OSMO, FUN и GLM. This activity is not related to hacking the accounts or theft, Funds are safe ".

The exchange team decided to be played out against the background of the incident, what happened the day before, 10 December, When COSMO prices (OSMO) on Binance instantly increased by 460%, and after that they fell to almost the previous level. Binance CEO Changpeng Zhao (Changpeng Zhao) He assured, that the exchange
conducted an investigation of abnormal volatility of quotations, related to the "market behavior".

Zhao warned: The cryptocurrency site temporarily blocked the possibility of withdrawing assets for accounts, which used abnormal fluctuations to make a profit:

“We know about the concept of too strong intervention by the platform, “Too centralized” attacks and so on. Question, To what extent should we intervene. Sometimes this is necessary in the free market, And we had to do it ".

Recently, complaints began to come to Binance. Her clients assure, that the exchange does not return the money, stolen through a fake site 3commas.