365Crypto
After the latest crypto crash, Binance Wallet users were hit with a frustrating issue — missing balances.
Binance confirmed on X that its wallet app was “experiencing lag” due to network congestion, leaving some users unable to see their crypto holdings. The company said it’s working on a fix, noting that the missing data just needs extra time to load.
Display Glitches and Angry Traders
Some traders didn’t take the glitch lightly. One user complained about losing $130 during a sudden 3.5% BNB price drop, saying they couldn’t sell because of Binance’s platform issues. Others questioned whether BNB, Binance’s native token, really had enough liquidity after it hit an all-time high of $1,370.
Trust Wallet Faces Similar Trouble
Interestingly, Binance’s self-custody partner, Trust Wallet — founded by Binance’s own CZ — faced nearly the same issue just one day earlier. The wallet’s team said it was caused by a “market data sync issue,” which made balances display incorrectly.
While Trust Wallet fixed the issue within four hours, some users said the wrong numbers kept showing. The firm later clarified that users’ funds were safe and that only the fiat balance display was affected — not the actual crypto.
What Caused the Chaos?
Experts think the wild market crash stressed pricing oracles — data feeds that report crypto prices to apps. According to Lucien Bourdon from Trezor, the surge in liquidations likely overloaded these servers, causing incorrect balance displays.
He reminded users that they can always double-check their real crypto balances using a blockchain explorer, even if the wallet interface glitches.
Footing:
Oracle: A system that sends external data (like prices) to blockchains.
Self-custody wallet: A wallet where users hold their own crypto keys instead of an exchange.
