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Zhaochangpeng was banned! Binance suspended trading again and refused the "assistance" offered by OKEx.

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Zhaochangpeng was banned! Binance suspended trading again and refused the "assistance" offered by OKEx.

The cryptocurrency exchange Binance underwent another unexpected system maintenance yesterday (4), prompting Jay Hao, CEO of rival exchange OKEx, to publicly inquire on Twitter if Binance founder Changpeng Zhao needed any assistance, only to be blocked.

OKEX CEO: Need Help?

On March 4th, Binance exchange unexpectedly initiated system maintenance for the second time within a week. During the maintenance, Binance suspended deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers between sub-accounts, margin accounts, futures accounts, and fiat accounts, while futures trading continued as normal.

According to Binance founder Zhao Changpeng (CZ), the temporary system maintenance was due to a failure in the message broker, which can be understood as an intermediary for message delivery, responsible for message verification, conversion, and distribution. Shortly after Zhao Changpeng's tweet, Jay Hao, CEO of the cryptocurrency exchange OKEx, responded below on Twitter:

"Hey CZ, technically, Kafka is a message queue system for log records and cannot handle the needs of a trading system, which is why agent issues occur so easily. Need help?"

Jay Hao referred to Kafka as a "real-time message data feed processing system" developed by the LinkedIn community. According to Jay Hao, he believes that this system is not the best technology for high-frequency trading systems.

Good Intentions or Malice?

Interestingly, Zhao Changpeng did not publicly respond to Jay Hao's suggestion. Shortly after, Jay Hao posted a picture on Twitter that was blocked by Zhao Changpeng, stating:

"It seems my help was immediately rejected. I thought Zhao Changpeng believed the blockchain community was open and free, I was wrong."

Nevertheless, Jay Hao later stated in a media interview that if Binance is willing to disclose the details of the problem to OKEx, they would be very willing to share their experiences with them.

However, whether the actions of OKEx's CEO were out of goodwill or malice remains questioned by the public. After all, if the intention was to help, why not choose to contact privately instead of extending a helping hand on a public platform, seemingly proclaiming to the world that "OKEx's system is better than Binance's," and if Binance chooses to accept the help, it would be openly admitting to this fact.

Successive Bad News for Binance

In recent weeks, Binance has experienced multiple failures and trading halts, and more recently, it has been involved in an incident with Sun Yuchen, using user tokens without authorization to exercise voting rights. If Binance does not fully commit to optimizing the platform system, leading to further failures or trading halts, it may lose the trust of its existing users in the platform.

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