cryptogazette.com
Binance is down amidst the fall of the crypto market. The crypto exchange tweeted that they are experiencing some order placement related issues.
Check out their tweet below:
We are aware of some temporary problems with order placement on https://t.co/KiZP5RBX6P.
Our team is doing everything we can to resolve the issue. Thank you for your patience and apologies for any inconvenience caused.
— Binance (@binance) April 18, 2021
Someone commented the following: “What guarantee do we have that this isn’t an engineered dump? Massive MARKET wide dumping, Binance, the largest exchange, all of a sudden has problems implementing trades. Funny how this happens on the dot-like clockwork. Nothing to see here, just pure fraud.”
Another person said: “Right when the market dipped? That doesn’t look like good infrastructure to handle a lot of trades that, too at volatile times. #Binance steps up the game, son.”
More people noted that Binance down when the market collapses is not the greatest thing out there.
The crypto market drops
The crypto market is all bloody today, as Bitcoin and the digital assets collapse. This is reportedly due to the fact that the U.S. Treasury Department may soon accuse a number of financial institutions of using digital assets to launder money.
The popular Twitter account FXHedge was the first to cover the potential move from the agency, sending an alert out to 122,700 followers.
The tweet, which cites unnamed sources, quickly went viral.
U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES -SOURCES
— FXHedge (@Fxhedgers) April 18, 2021
A few minutes after the tweet was published, the crypto markets plunged into deep red territory, with Bitcoin dropping from about $59,000 to a low of $52,800.
At the moment of writing this article, BTC is trading in the red, and the digital asset is priced at $54,483.81.