Numerous anxious users have taken to Reddit to accuse that accepted cryptocurrency barter desk Binance has aback begun to sell their altcoins at market rate – after their accord and after any notification whatsoever.

WTF is happening,” one user cried out. “Binance just sold all my [altcoins] at market rate,” the chump continued, adding that all of his coins were now adapted to Bitcoin.

It is true,” addition user wrote. “It happened to my account. All my [altcoins] were sold and all I have is Bitcoin now.” The user went on to analyze that his two-factor affidavit was enabled and there were no signs his annual was compromised. 

A agent for the aggregation has since accepted it is investigating the issue on Reddit. “We are investigating letters of some users having issues with their funds,” the Binance abutment rep wrote. “Our team is aware and investigating the issue as we speak. Please remain accommodating and we will accommodate an update as bound as possible.”

The barter desk hasn’t yet mentioned annihilation about this analysis on its official Cheep account, but abundant users are already chattering about it:

It charcoal cryptic what is causing the bug for the time being.

This marks a second big mishap for Binance over the last month. Back in February, the barter desk abruptly halted all trading for maintenance. The website ultimately resumed functionality almost a day after its promised timeframe. It did, however, make it up to users with some trading discounts.

We’ve contacted Binance for animadversion and will update this piece appropriately should we hear back.

Update: It appears that hours prior to the barrage of complaints about abominably exchanged altcoins, Binance was disturbing with server blow in the UK and several other areas.

A Binance rep accepted its team is alive on the issue, adding that it “is only affecting some users and we are investigating the root cause.” Please note that there is no affirmation to advance the two issues are related.

Update 2: The chump abutment rep has since told users that there is no need to change their passwords, hinting the barter desk is disturbing with a abstruse malfunction rather than a hack.

Update 3: Binance chump abutment reps on Telegram are now saying that “[t]here is no affirmation of our barter being compromised.”

The aggregation has since reportedly abeyant withdrawals, according to abundant letters from users.

Update 4: Binance has posted the afterward account on Reddit:

We are investigating letters of some users having issues with their funds. Our team is aware and investigating the issue as we speak.

As of this moment, the only accepted victims have registered API keys (to use with trading bots or otherwise). There is no affirmation of the Binance belvedere being compromised.

Please remain accommodating and we will accommodate an update as bound as possible.

Withdrawals are briefly disabled at this time.

The barter desk seems to advance that the issue is alone affecting users who had registered API keys for trading bot applications.

However, a swath of victims on both Reddit and Telegram insist their coins were adapted even though they never used the Binance API. Similarly, there are letters from API users claiming their accounts have remained unaffected.

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