Vechain [VEN]: Digital assets ‘vanish’ from Binance, users panic

Home » News » Vechain [VEN]: Digital assets ‘vanish’ from Binance, users panic
July 25, 2018 by
Vechain [VEN]: Digital assets ‘vanish’ from Binance, users panic

On July 19, cryptocurrency exchange Binance revealed on their internet site and tweeted concerning VEN/VET Mainnet Swap.
Binance informed back then that the down payments and also withdrawals of VEN will certainly be put on hold starting from July 22, 0:00 AM (UTC). They composed, “Please ensure that you leave adequate time for your VEN down payments to be completely refined before this time around.”

Binance additionally stated that the trading will be stopped in all VEN trading sets on July 23. Trading to open for the brand-new VET/BTC, VET/ETH, VET/BNB and also VET/USDT trading pairs on July 25 at 4:00 AM (UTC). Deposits and also withdrawals for VET will certainly additionally open up throughout that time.

See also: Binance eyes setting up 3-5 local firms in South Korea this year – report

Nonetheless, customers took to Twitter mentioning about abrupt loss of their digital tokens from their budget on July 24. Among the Twitter customer, Nostradacoin tweeted, “My $VEN is not in my purse? I hope I obtain my $VET prior to you open trading.”
SimonjonesLDN, an additional Twitter individual created: “Hey. That’s great. But just examined my funds and also my VEN have actually totally disappeared and I can not see any type of VETERINARIAN. Is this typical? And when will my VETERINARIAN appear? Many thanks.” One more Twitter customer, Alandegaray, stated: “I had VEN and also my funds vanish. Are they going to be there tomorrow?”

While Twitter users were going crazy about just what’s happening and why their coins ‘vanished’, it looked like redditors were aware of the factor. They were, in fact, quite surprised that individuals aren’t mindful.
Redditor, Lewislewis70 published: “Inform me regarding it. I enjoy VEN but it genuinely impresses me just how people put cash into something yet have no concept exactly what’s taking place despite the fact that it’s a Google Look away. Shows how many individuals are investing without really doing their research.”

See also: Here’s why Binance is planting roots in smaller countries

While one more Redditor mentioned: “People who are holding long term aren’t always going to take note of the flooding of info that disseminated daily. Not like there will be any type of genuine distinction between VeChain on Ethereum vs Thor.”
To describe just what’s taking place, a Twitter customer composed, “… Binance is hectic with the 1:100 swap. So tomorrow you do not have VEN any longer, however you will certainly have VET. Instance: if you had 1000 VEN, tomorrow you have 100.000 VETERINARIAN. Download there official purse (@vechainofficial) pinned message.”

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