Litecoin founder Charlie Lee has sold all of his LTC

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TNW uses cookies to personalize content and ads to make our site easier for you to use. Numerous concerned users have taken to Reddit to complain that popular cryptocurrency exchange desk Binance has suddenly begun to sell their altcoins at market rate — without their consent and without any notification whatsoever.

All my [a ltcoins] were sold and all I have is Bitcoin now. A spokesperson for the company has since confirmed bitcoin ceo sells is investigating the issue on Reddit. Please remain patient and we will provide an update as quickly as possible.

Seems that multiple people were affected. This marks a second big mishap for Binance over the last month. Back in February, the exchange desk abruptly halted all trading for maintenance. The website ultimately resumed functionality almost a day after its promised timeframe. It did, however, make it up to users with some trading discounts.

It appears that hours prior to the avalanche of complaints about wrongly exchanged altcoins, Binance was struggling with bitcoin ceo sells downtime in the UK and several other areas. The customer support rep has since told bitcoin ceo sells that there is no need to change their passwords, hinting the exchange desk bitcoin ceo sells struggling with a technical malfunction rather than a hack.

The company has since reportedly suspended withdrawals, according to numerous reports from users. Binance has posted the following statement on Reddit:. We are investigating reports of some users having issues with their funds. Our team is aware and investigating the issue as we speak. As of this moment, the only confirmed victims have registered API keys to use with trading bitcoin ceo sells or otherwise.

There is no evidence of the Binance platform being compromised. The exchange desk seems to suggest that the issue is exclusively affecting users who had registered API keys for trading bot applications. However, a swath of victims on both Reddit and Telegram insist their coins were converted even though they never used the Binance API. Similarly, there are reports from API users claiming their accounts have remained unaffected.

All funds are safe. There were irregularities in trading activity, automatic alarms triggered. Some accounts may have been compromised by bitcoin ceo sells from before. We are still investigating. We have updated the title to reflect more accurately that no direct cause for the issue has been found as of yet.

Bitcoin ceo sells is still investigating the technical malfunction. Published Bitcoin ceo sells 7, — March 7, — Binance has posted the following statement on Reddit: Withdrawals are temporarily disabled at this time.

Mix March 7, —

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Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin , Bitcoin Cash , Ethereum , and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in countries worldwide.

In October , the company launched the services to buy and sell bitcoin through bank transfers. In , the company grew to one million users, acquired the blockchain explorer service Blockr and the web bookmarking company Kippt , secured insurance covering the value of bitcoin stored on their servers, and launched the vault system for secure bitcoin storage.

On February 23, , Coinbase told around 13, affected customers that the company would be providing their taxpayer ID, name, birth date, address, and historical transaction records from to the IRS within 21 days. Coinbase has two core products: From Wikipedia, the free encyclopedia. Company Profile - Bloomberg". Retrieved May 6, Retrieved 18 March The New York Times. Retrieved July 1, Needleman May 7, The Wall Street Journal.

Retrieved October 10, Retrieved December 13, Retrieved January 10, Retrieved September 28, Retrieved December 16, Retrieved July 24, Bitcoin Exchange Set to Open". Retrieved July 23, Retrieved June 7, Retrieved June 10, Retrieved March 6, History Economics Legal status.

List of bitcoin companies List of bitcoin organizations List of people in blockchain technology. Retrieved from " https: Bitcoin exchanges Y Combinator companies Companies based in San Francisco Cryptocurrencies American companies established in establishments in California Bitcoin companies. Use mdy dates from November Wikipedia pages semi-protected from banned users Articles containing potentially dated statements from March All articles containing potentially dated statements Articles containing potentially dated statements from Official website different in Wikidata and Wikipedia.

Views Read View source View history. This page was last edited on 7 May , at By using this site, you agree to the Terms of Use and Privacy Policy. San Francisco , California , U. Bitcoin , Bitcoin Cash , Ethereum , Litecoin , exchange of digital assets.