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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 it 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 binance bitcoin forks a day after its promised timeframe.

It did, however, make it up to users with some trading discounts. It appears binance bitcoin forks hours prior to the avalanche of complaints about wrongly exchanged altcoins, Binance was struggling with server downtime in the UK and several other areas. The customer support rep has since told users that there is no need to change their passwords, hinting the exchange desk binance bitcoin forks struggling with a technical malfunction rather than a hack.

The company has since reportedly suspended withdrawals, binance bitcoin forks 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 binance bitcoin forks victims have registered API keys to use with trading bots or otherwise. There is no evidence binance bitcoin forks 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, binance bitcoin forks are reports from API users claiming their accounts have remained unaffected. All funds are safe. There were irregularities in trading activity, binance bitcoin forks alarms triggered. Some accounts may have been compromised by phishing 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. Binance is still investigating the technical malfunction.

Published March 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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The expansion war over the past three years has severely hindered the development of the bitcoin technology. Bitcoin has lost a tremendous share of the cryptocurrency market due to aggressive competition coming from the likes of Ethereum and ZCash. The bitcoin community has therefore gathered a group of enthusiasts and developers who share the goal of revitalizing bitcoin dominance. The fork will take place at block height , after which new functionalities will be added to the forked chain.

Lightning Bitcoin is a fork of the Bitcoin blockchain. By adopting DPoS consensus mechanism with 2M blocksize, Lightning Bitcoin will improve transaction speed, promote decentralization and support smart contracts.

Lightning Bitcoin combines the advantages of Bitcoin and Ethereum and creates a more valuable and functional blockchain system. Bitcoin Platinum is a fork of the Bitcoin blockchain that will occur in December. At the predetermined block height, Bitcoin Platinum miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain.

The original Bitcoin blockchain will continue on unaltered, but a new branch of the blockchain will split off from the original chain. The new branch is a distinct blockchain with the same transaction history as Bitcoin up until the fork, but then diverges from it. As a result of this process, a new cryptocurrency will be born. Ending the current Bitcoin forking chaos, restoring decentralized blockchain like Bitcoin and addressing the inherent congestion in Bitcoin.

GOD does not allow for pre-digging or issuance of additional tokens. It is solely owned and maintained by the broader community and users. Commission and transaction speed within the Bitcoin network has reached extraordinary values. It is almost impossible to use it as a means of payment.

Our team will carry out the Bitcoin hard fork, which was planned for mid-November. At the same time, trading of its futures has been carried out on some exchanges for a long time.

HitBTC is among them. Bitcoin Uranium is a fork of the Bitcoin blockchain that will occur in December. At the predetermined block height, Bitcoin Uranium miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. Segwit2x was also canceled and delayed back in mid November.

I just wanted to give a roadmap what may happen in December with our Bitcoins. Forks are basically a split of the original Bitcoin Blockchain. The team behind the new fork creates a new coin and trys to improve the issues Bitcoin currently still has as for example:. But you have to hold your Bitcoin in a wallet or exchange which supports the new coin as well. Binance for example does a very good job and supports almost every new fork but keeping your Bitcoin on exchanges is very risky of course.

So you could move your Bitcoin to Binance slightly before the fork and as soon as the fork happened Block Time you could remove it from Binance again to your save wallet. Thanks for the explanation - i really do wish all the exchanges would handle all of the coins.

It's a pain having to open up new accounts everywhere ;. I have some BTC on Coinbase since summer. I am sorry but unfortunately not. You would had to hold them on your Ledger during the exact time when the Fork did happen. But I think Coinbase should have given you your BCash at least and they should show up on your Coinbase account as well if you have not sold or transfered them yet.

Bcash in in there. I guess if they choose to support some of the forks in the future I will get them. But it's up to Coinbase I guess since they have the private keys. Well if you leave them on Coinbase then yes Coinbase is holding your private keys and controlling your Bitcoin. But if you creat your own wallet and move them to your own wallet like https: Upcoming Bitcoin Forks - More free money?

Of course nobody know how much they are going to be worth it. Super Bitcoin on Super Bitcoin Hard Fork at block , The expansion war over the past three years has severely hindered the development of the bitcoin technology. Bitcoin GOD on Bitcoin GOD Hard Fork at block Ending the current Bitcoin forking chaos, restoring decentralized blockchain like Bitcoin and addressing the inherent congestion in Bitcoin.

Segwit2x Hard Fork at block Commission and transaction speed within the Bitcoin network has reached extraordinary values. Bitcoin Uranium block snapshot unknown yet Bitcoin Uranium is a fork of the Bitcoin blockchain that will occur in December. Thank you so much for reading and have a great day! Authors get paid when people like you upvote their post. Can you explain what the forks mean for a noob? The team behind the new fork creates a new coin and trys to improve the issues Bitcoin currently still has as for example: Slow transactions High fees Only few transactions per second Yeah totally agree with you!

Feeling the same pain as probably everybody of us does.