Topic: ⚒ Syscoin -Blockchain Scalability, Trustless Interoperability for ERC20 projects - page 21. (Read 501963 times)

Cryptoslate News Article: SAFU Is Real Now: Binance Shut Down for 12 Hours Afters 1 Syscoin Sold for 96 BTC

https://cryptoslate.com/safu-is-real-now-binance-shut-down-for-12-hours-afters-1-syscoin-sold-for-96-btc/

Finance Magnates Article: Binance Briefly Halted Trading After Syscoin Traded for $626,000


https://www.financemagnates.com/cryptocurrency/news/binance-briefly-halted-trading-syscoin-traded-626000/

Cointelegraph Article: Binance Resumes Suspended Services After 'Irregular’ SYS Trading Risk Alert

https://cointelegraph.com/news/binance-resumes-suspended-services-after-irregular-sys-trading-risk-alert

Cryptovest Article: Syscoin (SYS): Blockchain Was Not Under Attack, Binance Left to Investigate Glitch

https://cryptovest.com/news/syscoin-sys-blockchain-was-not-under-attack-binance-left-to-investigate-glitch/

Coindesk article: Binance Halts Trading Over 'Atypical' Crypto Transactions

https://www.coindesk.com/binance-halts-all-trading-over-abnormal-crypto-transactions/

Indeed, quite an interesting case. It happens too. I imagine a guy who's very excited and can't even sit down. 

Such cases prove the need to change the mechanism of trade.
Stock exchanges stop trading with a sharp price change.
Cryptovolatility certainly great, but not to such limits 

they should not, it's the responsibility of binance not the traders..same coinbase haven't do this when eth had crash..and yet many know that I do not really like them.

Whatever, at least Syscoin got a lot of publicity. LOL, who would have thought that one day a coin will come which would be equivalent to 96 BTC, even if just for few hours!!!

0

At least you can still hope your SYS will be back with you in future...

In my case - 
Few days ago I wrote an email to UK police that I'll try to find my funds in the blockchain, and the response was like "and what're you going to do with it as you don't have private key"

Isn't the Police job to find the key as they have the thief in prison???

Syscoin value was on a nice, natural upward run just prior to this occurring, and is still showing gains.

Here is the block explorer data for block # 87630. Look at the transactions and also note it says "Created: 34.52". Only ~32 SYS were mined in the block, not 1.2 billion. https://chainz.cryptoid.info/sys/block.dws?8a6a40601fff9be9e463d23f876253ed2b6191121848dd540068013dc7a3ee82.htm

Yea just saw the article. Bad news for the guy who sold his SYS coins at the price of 96 BTC . They are going to rollback the price actions.

not really 

Rollback of irregular trades
Source: https://support.binance.com/hc/en-us/articles/360006675312-Incident-Recap-on-Irregular-SYS-Trading

11 SYS coin was sold at the price of 96 BTC for just 1 single SYS coin. Someone is very very lucky. He will not believe to the amount in his account

11*96*6500=6864000 USD

Hi,

I set up new block explorer for SysCoin.
This is my custom development.
Very fast & pretty:

https://sys.ccore.online/

Masternodes stats & roi available:
https://sys.ccore.online/masternodes

Specific masternode ROI & stats available, Example:
https://sys.ccore.online/address/SNWTbtXtTqDEXSW5Ji5xuuuyGPyEvGBFCe

Coin distribution stats available:
https://sys.ccore.online/distribution

If you have sync problems you can always check active live nodes here:
https://sys.ccore.online/connections

Api available:
https://sys.ccore.online/api

Exchange information available with graphics & history:
https://sys.ccore.online/exchanges

Tips SYS welcome to address: SXeZvptLsg5beiijZGcFUtq4EJ13DqPQNH

Edit : lol

"Binance: Incident Recap on Irregular SYS Trading" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/361
SYS price will go down ?

At 2018/07/03 20:18:00 (UTC), irregular trades were detected from a number of API users, triggering our internal risk management system. As such, Binance made a timely decision to suspend trading, withdrawals and other account functions.

To protect the safety of our API users, we have removed all existing API keys and requested all API users to recreate their API keys. We implore our users to take care of their API keys going forward:
1) If you are not a regular API user, please do not create an API key.
2) Do not give any third-party service providers access to your personal API key.
3) Use the IP whitelist functionality to ensure your key is only accessible to you.
Rollback of irregular trades.
For the users who were negatively affected by choosing to trade the rising SYS price, Binance will offer zero-fee trading between 2018/07/05–2018/07/14. If you traded SYS during the incident and believe you were negatively affected, please open a support ticket.
For all other Binance users, we will offer a 70% rebate on the trading fees paid by you between 2018/07/05–2018/07/14. The rebate will be given in the form of BNB calculated using the closing price on 2018/07/14.
To protect the future interests of all users, Binance will create a Secure Asset Fund for Users (SAFU). Starting from 2018/07/14, we will allocate 10% of all trading fees received into SAFU to offer protection to our users and their funds in extreme cases. This fund will be stored in a separate cold wallet.

Also, you can see price, market and social statistic here https://yeenot.today/catalog/market/?top=100

Binance SYS hack today: The hackers got a hold of Binance API keys and used users Bitcoin balances to buy the overpriced SYS they listed for sale. It’s unclear if the hackers got their money out of Binance yet but there were transfers of $50M out of Binance near the same time.

There's a lot going on in syscoin today, so you should think about it rationally, give syscoin a little time, it's still going up a lot today, isn't it?