Binance Risk Warning - Trading and Withdrawals Froze

According to the company's announcement, the crypto stock market Binance continues to stop trading and fund withdrawals following a 4-hour planned update, following a risk warning.

Binance had already informed the time of the update in the early hours, but later shared an update indicating that the update is complete and that trading will take effect at 12:30 noon. Despite these two announcements, another update announcement was made and it was stated that the risk-taking, trading and withdrawal of funds withdrawal will continue to be noticed during a check-up by the system's own risk management systems.

"We decided to postpone the commencement of our trading and withdrawal transactions after a perceived risk in a check performed prior to the commencement of commercial transactions by our risk management system. Please continue to follow us for information on trading and withdrawing withdrawals. We apologize for any inconvenience we may have and thank you for your patience. "

Kraken, another crypto money exchange in January, also faced an unexpected delay during an update and had 48 hours of offline availability before continuing with its normal activity.

Binance is currently listed as the fifth largest crypto money exchange on the daily trading volume in line with the data on CoinMarketCap.