Technical issues continue to trouble Binance following last week’s market crash, with its self-custody product Binance Wallet still showing incorrect balance displays for some users as of Monday.
The wallet’s team said the problem stemmed from network congestion causing “temporary lag,” which made some balances slow to update. “Certain wallet data requires additional buffering time to display,” Binance noted on X, adding that engineers were working on a fix.
User Complaints Mount
While Binance said transactions remained functional, several traders reported being unable to sell assets during price swings. One user claimed to have lost $130 after failing to react to a 3.5% dip in BNB, which ironically hit a new all-time high of $1,370 on the same day.
Trust Wallet Faced Similar Issues
A similar display glitch hit Trust Wallet – a platform founded by Binance’s Changpeng “CZ” Zhao – on Sunday. The team attributed it to a “market data sync issue,” resolved within four hours. Some users, however, continued to report incorrect balances afterward.
Trust Wallet’s communications head Dami Odufuwa confirmed that all assets remained safe, explaining that the bug only affected fiat balance visibility. The wallet serves 17 million monthly active users with over 210 million installs globally.
Analysts Blame Market Stress
According to Lucien Bourdon of Trezor, the disruptions were likely caused by extreme liquidation volumes that strained pricing data and oracle systems. He advised users to verify their holdings directly on blockchain explorers when wallet interfaces fail.
So far, the glitches appear limited to Binance Wallet and Trust Wallet, with no similar reports from other platforms. Binance confirmed user funds remain secure, describing the incident as a display issue rather than a custody problem.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/binance-wallet-faces-persistent-display-glitches-after-market-crash/