Zhao Changpeng: Withdrawals from some profitable accounts during abnormal fluctuations in trading have been suspended, "there is a balance in the platform's intervention."

ChainCatcher news, Binance CEO Zhao Changpeng posted on social media: "Based on our current investigation, this appears to be just a market behavior. One person deposits funds and starts buying (the hacker does not deposit money). Others follow and buy. There is no visible connection between the accounts. Binance has temporarily locked withdrawals for some profit accounts, which has led to many complaints from different countries on social media. We are aware that the platform cannot intervene too much, as it could lead to 'over-concentration' attacks, etc. But there is a balance to how much intervention is needed. Sometimes, this happens in a free market, and we need to let it work."

Previously, Binance announced that it had noticed abnormal price fluctuations in certain trading pairs on Binance, involving assets such as SUN, ARDR, OSMO, FUN, and GLM. The team is investigating suspicious accounts and taking appropriate action. Binance pointed out that this activity does not seem to be due to accounts being hacked or API keys being stolen, and currently, the funds are safe. (source link)