Binance suffers two-hour outage after software glitch

Binance, the world's largest crypto exchange, experienced a two-hour outage due to a software glitch in its trading systems. The exchange has come under increasing regulatory scrutiny over its alleged links to illicit activity.

March 24, 2023 . 8:07 PM

1 min read

Binance, the world's largest crypto exchange, suspended trading for over two hours due to a software glitch.
CEO Changpeng Zhao traced the issue to a bug in the matching engine.
Binance prevented customers from depositing and withdrawing funds during the outage.
CryptoCompare figures show Binance controls over 60% of the crypto spot market.
Binance has come under increasing scrutiny from financial regulators over its alleged links to illicit activity.