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SAFU Wallet Hacked! Binance Freezes All Withdrawals

Kriptokoin.com – Leading Bitcoin and crypto currency exchange Binance recently announced that it has frozen all withdrawals due to unplanned maintenance.

Unplanned maintenance work at Binance! All withdrawals frozen

Binance, the leading Bitcoin and crypto currency exchange, announced that it freeze all withdrawals due to unplanned maintenance work. Founder and CEO of Binance, Changpeng Zhao made the following statement through his official Twitter account:

We have a server issue that affects all withdrawals. It may take 1-2 hours (a rough estimate) to correct this problem. We are fully aware of the problem and how to correct it. Still working on a more accurate ETA. We will keep you updated. We apologize for any inconvenience. Your balances are secure. Funds SAFU!

We have a server issue affecting ALL withdrawals. May take 1-2 hours (rough estimate) to fix. We are aware of the exact issue and how to fix it. Still working on a more accurate ETA. Will keep you posted. Apologies for the inconvenience.

Trading is not affected. Funds are #SAFU

– CZ Binance (ccz_binance) October 11, 2019

It is surprising that the unplanned maintenance of Binance was followed by the hacking of the Binance Chain-focused SAFU Wallet, as we have recently reported. Binance DEX said its users had not identified the use of the SAFU Wallet and that the user data had been stolen. It is still unclear how Binance was affected by the hacking.

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