Coinspeaker
Crypto Exchange Binance Suspends Trader’s Accounts after Abnormal Activities
One of the leading cryptocurrency exchanges Binance recently spotted some abnormal price movements on the platform. As a result, Binance locked withdrawals for some accounts.
Binance Suspends Withdrawals on Some Accounts: How It Happened
Last Friday, December 9, the exchange closed a trader account after a user complained about the exchange’s response to alleged funds theft. Besides, the exchange also decided to temporarily freeze withdrawals from some profiting accounts. These developments led to an internal investigation after which Binance CEO Changpeng Zhao said that the movements were “just market behavior”.
Binance also acknowledged the abnormal price movements for certain trading pairs on the crypto exchange. These trading pairs involved Ardor, Sun Token, Osmosis, Golem, and FUNToken. It added:
“Our team is investigating and taking appropriate actions in regards to the suspicious a
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