Binance Resumes Suspended Services After 'Irregular’ SYS Trading Risk Alert
By Marie Huillet Binance has now resumed services after it announced the suspension of all trading and withdrawals Wednesday, July 3. The temporary suspension was due to an alert over “irregular” Syscoin (SYS) trades “from a number of API users.” Binance subsequently chose to suspend trading, withdrawals and other account functions, as well as to take a series of further measures in order to protect its users. Syscoin for its part notified the public in a tweet yesterday that its developers were investigating a “possible issue” on the Syscoin blockchain, saying that it itself “asked for exchanges to halt trading while [its team] investigate[d].” It later tweeted that notwithstanding “odd trading behavior” and “atypical blockchain activity,” its investigation suggested that the SYS blockchain was safe, and said it was asking exchanges to reopen SYS trading. While exact details remain undisclosed, the incident appears to h...
