When technical difficulties halted spot trading, Binance resumed withdrawals.
Chief Executive Changpeng Zhao tweeted that Binance froze deposits and withdrawals early on Friday owing to a “bug on a trailing stop order,” noting that it was the regular procedure.
The wait was caused by a technological fault, according to Youhodler CEO Ilya Volkov.
Bitcoin fell 1.14% to $28,021. Monday saw a nine-month high.
“Crypto exchanges are not unique,” Volkov remarked.
Binance declined further comment.
The world’s largest crypto exchange stopped pound deposits and withdrawals a month after it stopped dollar payments last Monday.
Traditional currency transactions have 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.
