On Friday, Chief Executive Changpeng Zhao tweeted that Binance has banned deposits and withdrawals owing to spot trading concerns.
“Early study reveals matching engine hit a fault on a trailing stop order,” he tweeted, adding that the deposit and withdrawal wait as usual.
“Engine 1 restarted. Need more time to reconcile and catch up, “Zhao tweeted afterward.
A month after stopping dollar transactions, Binance, the world’s largest crypto exchange, stopped pound deposits and withdrawals last week.
Traditional money transfers stopped amid a U.S. crypto crackdown.
Reuters reported that the Justice Department is investigating Binance for money laundering and sanctions breaches.
Last month, a top Binance official told The Wall Street Journal and Bloomberg that Binance anticipated paying penalties to settle U.S. probes.
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