Binance Halts Trading, ???

[harjiy]

Binance Halts Trading
The hack on Syscoin seems to be related to Binance suspending all trading due to one Syscoin with a value of $0.453290 at the time of writing being sold for 96 BTC worth $6.23 million on the exchange. The sale resulted in a massive pump of Syscoin’s price as it shot up 85% in value according to coinmarketcap.com, before trading was halted.
Binance’s twitter page is currently showing this latest announcement

Single Syscoin Sells for 96 Bitcoin Forcing Binance to Suspend Trading
Binance has suspended all transactions earlier this morning after a single Syscoin was purchased for 96 Bitcoin on the exchange.

 Information coming from both Syscoin and Binance twitter feeds confirm that Binancehas halted all transactions and Syscoin has suffered an attack on their blockchain.

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[rabia_laskor]

I am not sure about this news. If this happens it will not good for them. Because peoples are always want to trade. Binance needs to remove this problem if they want to stay in the market.

[leoliln45]

Actually the security has become a serious issue in this market. We are hearing many cases of such hacking and other digital theft. There is a possibility that Binance has stopped trading to give the sinus space or Binance wanted to check their security to make it safe from such issue. We should wait for some days to see what happen.

[amacar2]

Actually the security has become a serious issue in this market. We are hearing many cases of such hacking and other digital theft. There is a possibility that Binance has stopped trading to give the sinus space or Binance wanted to check their security to make it safe from such issue. We should wait for some days to see what happen.

This is actually old news and already solved but we still don't know actually how much attacker have successfully cashed out from hacked accounts because binance haven't release that information till now. Many speculate it to be anywhere around 6000 BTC if true that is massive and several hundred accounts might got affected during the hack.

[andra73]

really it seems that I think wrong because of the large volume of altcoin that many of it contained in the binance. besides that I see binance is also very good for trade and investment in long term or short term.

[JeffreyKen]

The news is very suspicious. Although the cryptocurrency market is always fluctuating, but recently the price of syscoin is somewhat suspicious. Many people thinks that there is some kind of manipulation.

[www_blockchain]

In fact, it was not breaking the stock exchange or the Syscoin crypto currency. Someone just sold their SYS tokens for 96 BTC and so the price began to rise sharply.

[vova.andreyan.94]

I am alarmed by such an abundance of news related to hacking, they need to seriously think about security!

[twobits]

I am alarmed by such an abundance of news related to hacking, they need to seriously think about security!

This problem is clear and binance has been taking action for those users were getting impact and i think that the team has been thinking to increase its security to protect their users but i guess the binance exchange is really profesional to handle everything related to the hacked case.