An interesting event took place today in Binance, the world’s largest cryptocurrency exchange.
Bitcoin price suddenly rose from $42,000 to $420,000 on Binance Futures.
Making a statement about this issue, Binance stated that the situation was a visual error and said that the funds were safe.
“We are aware of a visual error in the chart display in USDT Collateralized BTC/USDT Futures.
Please note that trading is not affected and our team is working to resolve the issue as soon as possible.
Funds are SAFU.”
“Problem solved!”
Making an updated statement about the problem, Binance said that the problem was solved.
“The display issue in USDT Margined BTC/USDT Futures has now been resolved.
You will now be able to view the chart without any visual errors.
“We thank you for your patience and apologize for any inconvenience.”
The display issue on USDT-Margined BTC/USDT Futures has now been resolved.
You will now be able to view the chart with no visual errors.
Thank you for your patience and we apologise for any inconvenience caused.
— Binance (@binance) December 29, 2023
As you may remember, Binance encountered a similar problem last September. Making a statement on the issue, CZ said that this was a problem caused by the graphic image.
*This is not investment advice.
