Binance.US, the United States branch of major crypto exchange Binance, went down unexpectedly on Aug. 7 around 15:26 UTC time.
“At 11:26am EST, we noticed our systems not functioning as intended,” BinanceUS tweeted on Aug. 7.
The tweet added:
“To protect our users, we will be stopping trading, order processing, buy crypto, deposits, and withdrawals. We will let users cancel their orders 30min before we reopen trading. We expect this will take 6 hours.”
The platform followed up with a subsequent tweet, confirming all funds as insured, protected by the company’s Secure Asset Fund, also known as “SAFU.”
Cointelegraph reached out to Binance US for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.