Binance Refutes Accusations Of Hack With The Power Of Blockchain

Binance, one of the largest crypto exchanges by trading volume according to CoinMarketCap, has had to continuously refute accusations of a hack since their exchange has unexpectedly gone offline due to server issues.

The time offline was supposed to only last for several hours, but, similarly to the extended Kraken downtime of over two days in January, Binance has since announced that they will only be back online on Feb. 9 at 4am (UTC) (11:00pm EST).

While Kraken was chastised by its users for its relative silence and only sporadic update during its 48 hours of no service, both the Binance exchange and its CEO Changpeng Zhao have been updating their Twitters about every two hours with progress reports and assurances that they have not been hacked.

Source: CoinTelegraph