Does Binance Have A Technical Problem?
Etherscan data reveals a marked increase in Ethereum transaction fees, with rates oscillating between a mere 6 gwei and soaring to 332 gwei per transaction. This uptick was connected to a Binance-affiliated wallet dubbed "Binance 14."
On September 21, "Binance 14" consumed a whopping 362 $ETH in gas with a remarkable 94,000 transfers, significantly higher than usual.
Many experts have been voicing skepticism over Binance's technological infrastructure, questioning its ability to ensure the accuracy and security of vast coin quantities across different platforms.
Some suggest that Binance's engineering team made an error in the configuration, causing the gas allowance to be set excessively high.
Somehow, the exchange that claims to have never been exploited, be capable of Merkle tree proofs, not having accounting errors, and keeping safe billions of crypto, encountered problems with a super-simple engineering matter. This must be solved, and fast…
