MY CONVERSION VALUE IS WRONG, DID I LOSE EVERYTHING?

- by Bruna Pacheco - 12/26/2024

Since yesterday (25), some users on Square have been reporting an error in their balance, and some complaints are also coming in through Binance support.

Some users report that their balance was adjusted right after the conversion, causing some "losses".

We spoke with Diego Lima, a specialist in decentralized economics and blockchains from Universidade Sudeste, and he explains that there is no need to panic, your assets are safe, given that Binance itself indicates keeping the amount 1 to 1 on the Blockchain, that is, for each Crypto purchased by a user, Binance keeps a corresponding value on the Blockchain, thus making the security of its customers' assets a priority for the platform. He also claims that the platform is robust and had five times more revenue than VISA in 2022 alone.

The problem occurred because the platform indexed the value of the Dollar quoted on Google, which had problems with its quote this Wednesday (25).

Many people saw their capital increase by a few Dollars due to this problem, however the Binance platform itself is working on the problem to avoid any misunderstandings.

It is best to avoid any transactions until the balances are corrected.

- My conversion value is wrong appeared first on Criptobrazilians Square on 01/26/2024.