Attack on Binance Turns out To Be False Alarm

Hey ninjas, how’s the trading going? The largest and most popular crypto Bitcoin (BTC) is reporting moderate losses on the day while top altcoin Ethereum (Ether) is reporting new highs. Bitcoin is currently trading at $10,311 as Ether nears $200. Ether is currently trading at $194 at press time and is up 3.63% in the last 24 hours.  

Changpeng Zhao, CEO of Binance warned its users via Twitter that the crypto exchange was under attack from one of its own market markers, the culprit allegedly crashed Binance’s BTC/USD book order from $10,324 to $10,024 which the CEO claimed was the second time Binance had experienced the attack.  

Earlier this month, Binance launched two futures trading platforms, allowing users to vote for their favorite one. The platform was launched in invite-only mode accompanied by a user testing period. 

The attack on Binance turned out to be a false alarm caused by a technical error on the market marker side. The CEO did not give details on the topic, Zhao only revealed that it was an operator of Bitcoin futures. Changpeng Zhao confirmed in a Tweet that no other trader was liquidated, only the accidental attacker lost funds. 

Don’t always forget to holla at Ninja Discord anytime to talk about cryptocurrency. You can as well check out our exclusive Ninja coin giveaways and Trading View analysis.   

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