Binance – This morning, the world’s fourth-largest cryptocurrency trading platform, Binance underwent a system upgrade that temporarily halted all trades.

#Binance has commenced the scheduled system upgrade. The upgrade will take approximately 4 hours.Withdrawals and trading will be suspended during this period.We apologize for any inconvenience caused and thank you for your patience. pic.twitter.com/Q7pCfQLkDY
— Binance (@Binance) June 26, 2018

Trading was supposed to only last four hours, but with complications, ended up resulting in ten hours of downtime.

Data migration will take a little longer than expected, again. Apologies for the extension.
— CZ (@cz_Binance) June 26, 2018

The upgrade was completed in seven hours, but then Binance’s risk management system detected a bug which resulted in a postponement of trades. During that time, Binance’s CEO informed the platform users that investors funds were safe.