Binance Still Down, But Boy, They Did Handle This Very Well

in #bitcoin7 years ago

At the moment of writing, the exchange Binance, which was undergoing unscheduled maintenance last night, is still not working, after briefly being back online. This time it seems there's a very strong DDoS taking place, as the website is not up (but allegedly, all backup systems are restored).

It's interesting to note, though, that they did handle this situation very well. I mean, not the upgrade, which should have been assessed earlier, but their "hacked" accusations. Some of them coming from prominent crypto icons, like John McAffee:


Screen Shot 2018-02-09 at 2.12.26 PM copy.png


Well, apparently, the CEO of Binance, Changpeng Zhao (or CZ, as you can see it on his Twitter handle) got a little bit upset about this situation, so he raised the stake a bit:


Screen Shot 2018-02-09 at 2.12.26 PM.png


The irony is strong with this one!

And, for the final coup, he did something really worthy of praise: he published the Bitcoin addresses of their hot wallets.


Screen Shot 2018-02-09 at 2.12.10 PM.png


It's true that they shouldn't find themselves in such a tight place, with an unplanned upgrade going rogue, but you must give it to them: they handled it really nice.

Now, if only the site will come back up...


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


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well well :) they did good! binance is for smaller coins right?

They showed us why they are the biggest Crypto exchage.. Thorough professional

this maintenance was the hottest one in the history or may be ever hahah

Binance is back online with 70% transaction fee discount.

One other thought. I've seen these patterns before: upgrade, ddos, non-working site, deleted DNS record, vanishing in thin air...

Fortunately it was not such a case this time.

Awesome. This should be the standard for situations like this - he's able to briefly expose 2% of one wallet's holdings to (minor) risk in exchange for providing some peace of mind to users and investors. Seems like a good move in my book.

Appreciate the update, McAfee is such a (knee)Jerk lol.

I agree with you @dragosroua they handled it like a Boss, very professional

I don't have an account, but people say https://us.binance.com/ works...

Lets pray that BNB site restores back, which has make us upset which is down.we are interested in BNB. Thankyou for your brief explanation...

People are very scare about any glitch, in any exchange, but contrary to a regular stock exchange crypto market nevers sleeps.

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