Binance halts deposits, withdrawals on glitches in spot trading

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“Initial analysis indicates matching engine encountered a bug on a trailing stop order,” he said in a tweet, adding that the pause was a standard operating procedure.

Last week, Binance said it will be halting its sterling deposits and withdrawals, a month after the world’s largest crypto exchange ceased dollar transfers.

Reuters has previously reported that the Justice Department is investigating the crypto exchange for suspected money laundering and sanctions violations.