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 announced on their website and tweeted regarding VEN/VET Mainnet Swap.
Binance educated back then that the deposits and also withdrawals of VEN will be put on hold beginning with July 22, 0:00 AM (UTC). They created, “Please ensure that you leave adequate time for your VEN deposits to be completely processed prior to this time around.”

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

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

Nonetheless, individuals required to Twitter mentioning concerning sudden loss of their digital tokens from their purse on July 24. Among the Twitter customer, Nostradacoin tweeted, “My $VEN is not in my budget? I hope I receive my $VET prior to you open trading.”
SimonjonesLDN, an additional Twitter customer composed: “Hey. That’s fantastic. However just examined my funds and my VEN have completely vanished and also I can not see any type of VETERINARIAN. Is this regular? And when will my VETERINARIAN show up? Thanks.” An additional Twitter customer, Alandegaray, said: “I had VEN and my funds go away. Are they gon na exist tomorrow?”

While Twitter customers were going crazy as to just what’s happening and why their coins ‘vanished’, it looked like redditors were aware of the factor. They were, in fact, rather astonished that people typically aren’t conscious.
Redditor, Lewislewis70 posted: “Tell me about it. I’m into VEN however it truly surprises me exactly how individuals place loan into something yet have no suggestion exactly what’s taking place despite the fact that it’s a Google Browse away. Shows how many people are investing without actually doing their research.”

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

While one more Redditor stated: “People who are holding long term typically aren’t necessarily going to pay attention to the flood of information that shared daily. Not like there will certainly be any kind of genuine distinction between VeChain on Ethereum vs Thor.”
To explain just what’s taking place, a Twitter individual created, “… Binance is active with the 1:100 swap. So tomorrow you do not have VEN anymore, however you will have VETERINARIAN. Example: if you had 1000 VEN, tomorrow you have 100.000 VETERINARIAN. Download there main wallet (@vechainofficial) pinned message.”

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