Binance Back After Upgrade, Community Insists CZ Comments on PlusToken Scam Selling BTC on Binance

Libra Coin News
Thu, 08/15/2019 - 12:12
Yuri Molchan
As Binance emerges back online after a scheduled upgrade, the community starts rebuking CZ for a ‘bad time’ he chose for maintenance and for a few other issues
Cover image via

On Wednesday, the major crypto exchange Binance went offline for 6-8 hours, as the Binance blog post mentioned.

Today, Binance went back on the air with CZ saying that upgrades are tough but necessary if you want to #buidl.

Binance’s CZ made a joking remark that Bitcoin, which plummeted as the exchange went offline, is now growing again as Binance resumed operations.

However, regular admiration towards Binance and CZ this time changed for criticizing comments. Including, the issue with the recent PlusToken scam that allegedly sells a portion of stolen $3 bln in BTC on Binance.

Forbes: Five Reasons Bitcoin Price Went Below $10,000

Criticizing Binance for an untimely shutdown, lack of an iOS app, etc

On Wednesday, after Binance went offline for maintenance, the Bitcoin price dropped under the $10,000, taking altcoins along with it.

When such price falls occur, optimistic traders prefer to buy on the deep, however, traders were unable to do that on Binance due to the maintenance.

This time, a regular Binance upgrade drove people to express their complaints as if they had been keeping them, waiting for a perfect moment to spill them out.

One user stated that the Binance ‘buidl’ slogan is no good since this is the only crypto exchange that does not offer a mobile iOS-based app to its users.

Image by Twitter

The most important here seems a request to comment on the allegations to do with the founders of the Chinese PlusToken Ponzi scheme who have been recently taken in custody by the police.

The managing partner of Primitive Ventures, Dovey Wan, writes on her Twitter page that allegedly the members of the gang who are still on the loose, send small portions of the stolen BTC ($3 bln worth) to the Binance exchange. As well as to Bittrex and Huobi.

CZ has not replied to that comment, however, a micro discussion took place here.

Image by Twitter

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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