Binance Says Modules Experienced Glitches In Crypto Selloff

Binance, a leading cryptocurrency exchange, reported technical glitches in some of its platform modules during the recent crypto market selloff on October 10th. This led to issues with the de-pegging of certain crypto assets, as the market experienced sharp price fluctuations. The exchange acknowledged that the volatility in the crypto market caused some of its platform modules to briefly experience technical difficulties, which may have impacted the trading experience for some users. Binance stated that it is actively investigating the incident and working to ensure the stability and reliability of its platform. The crypto market saw a significant downturn on October 10th, with major cryptocurrencies like Bitcoin and Ethereum experiencing substantial price drops. Binance's acknowledgment of the technical glitches during this period highlights the challenges faced by exchanges in maintaining seamless operations during times of high market volatility.