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 website and tweeted regarding VEN/VET Mainnet Swap.
Binance notified during that time that the deposits and also withdrawals of VEN will be put on hold starting from July 22, 0:00 AM (UTC). They created, “Please make sure that you leave adequate time for your VEN deposits to be completely refined before this time.”

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

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

Nevertheless, customers required to Twitter mentioning about abrupt loss of their digital symbols from their purse on July 24. Among the Twitter user, Nostradacoin tweeted, “My $VEN is not in my pocketbook? I hope I obtain my $VETERINARIAN prior to you open trading.”
SimonjonesLDN, one more Twitter individual created: “Hey. That’s great. However simply examined my funds as well as my VEN have completely disappeared and I can not see any type of VETERINARIAN. Is this normal? And when will my VETERINARIAN appear? Thanks.” One more Twitter individual, Alandegaray, said: “I had VEN and also my funds disappear. Are they gon na exist tomorrow?”

While Twitter users were going berserk regarding what’s occurring and also why their coins ‘disappeared’, it appeared like redditors were aware of the reason. They were, as a matter of fact, pretty impressed that individuals aren’t conscious.
Redditor, Lewislewis70 uploaded: “Tell me about it. I’m into VEN however it truly impresses me exactly how people place loan into something yet have no concept just what’s taking place even though it’s a Google Search away. Shows how lots of people are investing without in fact doing their research study.”

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

While another Redditor mentioned: “People that are holding long term aren’t always going to take notice of the flooding of details that distributed daily. Not like there will be any type of real distinction in between VeChain on Ethereum vs Thor.”
To explain just what’s taking place, a Twitter user wrote, “… Binance is busy with the 1:100 swap. So tomorrow you do not have VEN any longer, however you will have VETERINARIAN. Example: if you had 1000 VEN, tomorrow you have 100.000 VET. Download there main pocketbook (@vechainofficial) pinned message.”

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