On April 10, Binance futures users faced issues while trying to trade on the platform. However, the exchange quickly responded to the situation and resumed trading soon after.
Binance CEO Changpeng Zhao, aka CZ, tweeted that the exchange’s futures UM Rest service/API had issues that impacted its user interface and API, but only USD-Margined contracts were affected.
CZ later confirmed that the issue had been resolved after the exchange migrated off some affected servers. Binance’s official Twitter handle corroborated CZ’s statement, and the exchange’s status page showed that all systems operated optimally at the time of writing.
Binance has faced increased scrutiny following recent industry events. In late March, the Commodities Futures Trading Commission (CFTC) filed an enforcement action against the exchange. Although Binance said the charges were “unexpected,” it pledged to cooperate with the regulator.
Additionally, Binance suspended deposits and withdrawals from its Binance Smart Chain (BSC) network temporarily, citing node issues. On April 3, rumors emerged that Interpol had issued a red alert notice for CZ. CZ dismissed the news as FUD planted by a rival exchange.
