Binance Resumes Trading After Market Already Down 5%
Binance Red Candles

Binance Resumes Trading After Market Already Down 5%

By Skyfries | Skyfries Report | 21 Dec 2020


In a game of musical chairs you want to be in a seat before the music stops.  CZ pulled some chairs when the music stopped Monday morning for emergency maintenance on the Binance exchange.  Their second outage in only five days, however this time not when crypto markets were rising but as they were falling.  Chainlink one of the worst effected in the Monday dump is already down 10% as of this writing.  

CZ offered words of encouragement, a callback to an old Bizonacci meme "Funds are SAFU", to worried investors who had been keeping money on the exchange as a reminder of the exchange's insurance for funds. 

Albeit a small hiccup in prices to the zenith of this run this should make traders who associate with Binance more careful.  It's not like hardware wallets haven't had their share of problems this week, but either way money should not be kept on exchanges lest we get Bitgrail'd.  Have a nice day everyone.

 

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Skyfries
Skyfries

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