Bitrex is Bad, edit:Binance too


#1

does everyone have their ADA wallet disabled for routine maintenance on Bitrex or is it just me?

I have been stuck all day, unbelievable what a joke of exchange, never had a problem on Binance

edit:
From Charles Hoskinson mouth itself the best explanation to the BitRex/Binance problem:

thanks IOHK, we hear you :pray::+1:


#2

ADA is locked at binance too! :frowning:


#3

why is that? is there a problem with Cardano itself? an update at the wrong time?

that would explain the big discrepancy in price between the two exchanges… and why noone is arbitraging hence fixing it


#4

Yea, maybe!


#5

finger crossed is a big Cardano problem and we’ll get cheap ADAs for a while… am I too cynical?


#6

No, everything is so experimental, it is hard to say who is guilty and who is not.
That is what i means to be the pioneers on something.
I myself have some precautions regarding the wallet and the transfers and so on.
Be cautious is key in this risky scenarios.


#7

in Binance the alert says that the wallet is down because of ‘Busy Network’


#8

:frowning: the same generic excuse…
Fasten yr seatbelts


#9

Looks like they are bring it to maintenance so the holder is not able to transfer between exchanges. Is better to stable the price :slight_smile:


#10

synchronised maintenance on both exchanges? must be something else


#11

It starts to be worrying. :disappointed:


#12

Same with me here. Just be patient.


#13

from a reddit user:

[–]andy_crypto[S] 1 point 3 minutes ago
Bittrex literally told me to ask The Cardano team, its in their hands apparently.

Cardano team is probably on holiday…


#14

My ADA has been locked on bittrex for about 20 hours now…


#15

Mine is also locked with withdrawal approved. For over 24 h. They still say wallet is in maintenance. I had trouble before with this and they always resolved it.


#16

How can they resolve the fact that I lost arbitrage opportunities for a day and growing?


#17

yes of course that’s damage they can’t resolve…and I sure hope the coins are freed soon…


#18

Is there no Cardano Team 24h member who can tell us what happens? @cf_jonmoss @cf_tom.kelly @io_jeremy
Thnks


#19

Comms is on vacation but dev are working. Something caused a slow down of transaction processing, causing the queue to backup. An new api was requested for accounting and the way new addresses are created will be updated. I have not been fully briefed though. We are working on it.


#20

Thanks for the info @io_jeremy
Please, let us know any news.
We appreciate it,