One of the most popular crypto exchange Poloniex faced technical issues in the evening on October 25. The representatives did not provide any information why it happened and what consequences people should wait after such a collapse. As Twitter states, the exchange turned to maintenance mode.

We are currently experiencing technical issues. The exchange has been placed into maintenance mode and we will let everyone know when we are back up. — Poloniex Exchange (@Poloniex) October 25, 2018

After 20 minutes, Poloniex confirmed that the exchange systems were back to normal and apologized for disruption.

All systems are back to normal and the exchange is operational. We apologize for the disruption. — Poloniex Exchange (@Poloniex) October 25, 2018

We want to remind that Poloniex had stopped its work 2 days before this intermittent malfunction.

Binance, in its turn, also experienced failure with the deposits like ETH and ERC20. The official statement guaranteed that the users’ pending deposits would be credited as long as the exchange went back to normal work.

We are currently experiencing issues with ETH/ERC20 deposits. Our team is working hard to fix the issue, which may take several hours. All pending deposits will be credited to user accounts once the issue is fixed. We appreciate your patience and apologize for any inconvenience. — Binance (@binance) October 26, 2018

CEO of Binance, Zhao Changpeng explained the issue, namely the digital wallets were not supposed to maintain such large number of transactions, over 1T. In addition, he confirmed that the funds were saved.

Funds are #safu. No need to worry. Just an issue when the wallet grows over 1T in size in transactions, it stops working. Most wallets are not designed to handle large number of addresses and transactions. Working on it. https://t.co/MoisRcIj1H — CZ Binance (@cz_binance) October 26, 2018

Binance exchange has also overcome difficulties and now it works properly.

Issue fixed. Back to normal. https://t.co/TZpyCCUenm — CZ Binance (@cz_binance) October 26, 2018

We remind you

Subscribe to The Coin Shark news in Facebook:

https://www.facebook.com/coinshark/

https://thecoinshark.net/review-of-binance-coin-sryptosurrency-benefits-for-holders-and-prospects-for-development/