SomETHing’s going on with Binance! Ethereum (available on Coinbase) (ETH), EOS, and IOTA (MIOTA) struggle as the news (un)settles.

Crypto users have taken to Reddit claiming that the exchange has sold their aLTCoins at market rate and they have nothing left now but their Bitcoin (available on Coinbase). Binance has responded that “We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak. Please remain patient and we will provide an update as quickly as possible.”

Although it still isn’t completely clear what is happening over there, Binance later issued a statement on Telegram that “There is no evidence of our exchange being compromised.” Users have now noted that the exchange has suspended withdrawals, presumably while it works out this issue. It has also indicated that there is no need for users to change their passwords, further suggesting that this isn’t a hack of the exchange but rather a technical issue.

Not all users are being affected, but some have indicated that their aLTCoins have all been traded for Viacoin (VIA).

With the investigations still ongoing, crypto holders appear to be getting nervous. Much of the market is down today, which could in part be due to the technical issues.

Ethereum (available on Coinbase), EOS, and IOTA all trade on Binance.