Binance: Calm down, we haven’t been hacked


When money is on the line, going dark without warning is rarely the best idea. Last night, Hong Kong-based cryptocurrency exchange Binance did just that. With little warning beforehand, and a message afterward claiming it needed 12 hours to complete site upgrades, people started to panic. And then 12 hours turned to 24. Binance, though, assured customers again today that everything was fine, claiming the outage was due to a server issue that caused data to fall out of sync. Chief executive Changpeng Zhao announced last night that the development team would need to re-sync from a master database, a…

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