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 internet site and tweeted about VEN/VET Mainnet Swap.
Binance notified during that time that the deposits as well as withdrawals of VEN will certainly be suspended starting from July 22, 0:00 AM (UTC). They created, “Please make certain that you leave adequate time for your VEN deposits to be completely refined before this moment.”

Binance likewise stated that the trading will certainly be stopped 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 pairs on July 25 at 4:00 AM (UTC). Deposits and also withdrawals for VET will certainly likewise open up during that time.

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

Nevertheless, customers required to Twitter specifying regarding abrupt loss of their digital tokens from their pocketbook on July 24. Among the Twitter customer, Nostradacoin tweeted, “My $VEN is not in my budget? I wish I get my $VET prior to you open trading.”
SimonjonesLDN, an additional Twitter individual wrote: “Hey. That’s fantastic. But simply checked my funds as well as my VEN have completely disappeared and I can’t see any type of VETERINARIAN. Is this regular? And when will my VET appear? Many thanks.” Another Twitter user, Alandegaray, claimed: “I had VEN and my funds disappear. Are they going to exist tomorrow?”

While Twitter users were going berserk about just what’s happening and why their coins ‘went away’, it appeared like redditors were well aware of the reason. They were, as a matter of fact, rather surprised that individuals typically aren’t mindful.
Redditor, Lewislewis70 uploaded: “Tell me concerning it. I enjoy VEN however it genuinely surprises me how individuals place money into something yet have no concept just what’s taking place even though it’s a Google Look away. Shows how many people are spending without actually doing their research.”

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

While one more Redditor mentioned: “People who are holding long-term aren’t always going to pay attention to the flood of details that disseminated daily. Not like there will certainly be any type of genuine difference between VeChain on Ethereum vs Thor.”
To discuss exactly what’s going on, a Twitter individual composed, “… Binance is active with the 1:100 swap. So tomorrow you do not have VEN any longer, but you will have VET. Example: if you had 1000 VEN, tomorrow you have 100.000 VET. Download and install there main wallet (@vechainofficial) pinned message.”

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