Binance to face 6-8 hour downtime during impending system upgrade

[Pegasus]

Over the last seven days, Binance has been in the limelight after questions were raised against the exchange’s “credibility” following the Bitcoin [BTC] hack. Since the 7000 BTC hack, Binance has acted quickly and at press time, Binance had released their third security update over the past week.

It was announced that the exchange would be running a scheduled upgrade which would commence on 15th May, 2019 at 3:00 am [UTC]. The upgrade would likely run for a duration of 6-8 hours.

It was also mentioned that the exchange would suspend deposits, withdrawals, and trading during the system upgrade period. The blog stated,

“Deposits that are not completed before the start of the upgrade will be processed after the upgrade is complete. Please allow some time for deposits to be reflected in your account following the system upgrade.”

Moreover, it was mentioned that after the upgrade, users will be provided with a 30 minute window to cancel orders, process deposits, and withdrawals and use all other account services before trading resumes on the exchange.

Binance has been relatively very active over the past few days to recover from the BTC theft. Following the hack, due to irregular trading, Binance restricted all existing API keys to have trade functionality back in order.

Source

[dragononcrypto]

Fellow Binancians,

Binance will perform a scheduled system upgrade starting at 2019/05/15 03:00 AM (UTC). The upgrade will take approximately 6-8 hours.

Binance will suspend deposits, withdrawals, and trading during this period. Deposits that are not completed before the start of the upgrade will be processed after the upgrade is complete. Please allow some time for deposits to be reflected in your account following the system upgrade.

Once the upgrade is complete, we will make a further announcement and provide users with a 30 minute window to cancel orders, process deposits, withdrawals, and use all other account related functions before trading resumes.

We apologize for any inconvenience caused, and thank you for your patience.

Please note: The 6-8 hours is based on our best estimates and may vary. As usual, we will maintain regular communication on the progress of the upgrade on our various social media channels.

Thank you for your support.

Binance Team

2019/05/14

Source

[dragononcrypto]

Update from Today:

Fellow Binancians,

Binance’s ongoing system upgrade will be extended by 2 hours. Our team is working hard to complete the upgrade as quickly as possible.

Another announcement will be made once the upgrade is complete. Users will be given approximately 30 minutes to cancel existing orders, deposit, withdraw and use other account functions before trading resumes. Please stay tuned for further information.

We apologize for any inconvenience caused, and thank you for your patience.

Thanks for your support!

Binance Team

2019/05/15

Source

[dragononcrypto]

Business As Usual:

Fellow Binancians,

Binance has completed its system upgrade and we will resume all trading activity at 1:00 PM (UTC).

From now until the commencement of trading, users will be able to cancel open orders, process deposits and use other account related functions. Please note that the withdrawal function will be available shortly after trading resumes.

To increase the security and protection of your account, we recommend that you read through 14 Tips to Enhance Security for Your Binance Account, as well as periodically changing your password, resetting your 2FA, and updating your anti-phishing code.

[...]

Source

[shadow.bishop]

Binance has completed the system maintenance and announced 50,000 BNB community giveaway for Binance's users whose trading volume for 3 days will be 1 BTC or more.

Source;
https://binance.zendesk.com/hc/en-us/articles/360028425911