CryptoGoldenBull

API problem on Binance takes down BTC prices

BINANCE:BTCUSDT   Bitcoin / TetherUS
Today thousands of users got "hacked" after an API problem on Binance. Although there are still no further information, users who used an API from a trading bot got "hacked" and their accounts starts to sell all their coins for Market Price and buy VIA on Binance.

After it got public on Reddit it still took around an hour for the sellings to start.

Therefore, there was a warning an hour before. A Whale sold around 3,6 million dollars in BTC on Binance for market price.

Thre prices now are stable so don't sell now.

Updates later!
Trade closed manually: It was a scam and Binance reversed all the transactions. The hackers couldn't take any profit and lost their money. Case solved. Updates on BTC downtrend are on the other ideas.
huobi.pro doesnt seem to be letting people log on again which i find suspicious under the circumstances
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Last month Binance suspends action on their servers over a "server issue" and now some of their accounts get hacked. Not a good time for Binance I guess.

I don't know about "stable so don't sell now"... As think we were going lower even before this issue. But that is a different discussion.
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