Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet.
Binance suspended deposits and withdrawals earlier on Friday due to a “bug on a trailing stop order,” Chief Executive Changpeng Zhao said in a tweet, adding that the pause in deposits and withdrawals was a standard operating procedure.
Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Waiting for more precise ETA.
— CZ 🔶 Binance (@cz_binance) March 24, 2023
Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU. 🙏 https://t.co/mvtGQ3JlMA
A Binance spokesperson did not respond to a request for additional comment.
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