Binance Is Giving Away $1.4 Million in BNB as an Apology
Binance, the world’s largest crypto exchange, came back online in full today following a weeks hiatus that extended to both deposits and withdrawals on the platform — the result of security maintenance that came in response to a recent hack that resulted in 7,000 bitcoin (BTC) being stolen from the platform’s hot wallet.
? Trading is now LIVE! ?
Thank you, for all of your patience and incredible support. ? pic.twitter.com/DPZhBLLyL4
— Binance (@binance) May 15, 2019
While Binance stumbled briefly out of the gate due to the surge in use, the exchange is currently stable with all deposits and withdrawal fully enabled.
As a show of good faith to the investor community for sticking with Binance through the maintenance period, the exchange’s CEO, Changpeng “CZ” Zhao, recently revealed that Binance will be giving away $1.2 million in Binance Coin (BNB).
— CZ Binance (@cz_binance) May 15, 2019
According to the giveaway announcement, all users with a valid trading volume of 1 BTC or more (buy and sell orders) across any trading pairs on Binance during the promotion period of — today until May 22 — will split a pool of 50,000 BNB (currently worth $1.4 million).
More: Binance Giveaway Details
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.