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Binance said its BSC network is down due to a node problem - the issue is being worked on and expected to be back up in one hour.
Samuel Wan 1 min read 
Binance says it does not operate in China, nor does it have any technology — including servers or data — based in the Asian country.
Trust is essential in the cryptocurrency market, and if Binance is seen as a bad actor that trades against its users, it could result in a loss of confidence from its clients and investors.
Company documents and internal messages reportedly show Binance hid its presence in China, despite claiming it left the country in 2017.
Bitcoin recovers recent milestone — surpassing the $28,000 mark to move above its pre-Binance lawsuit price.
According to the proposal, BSC's high gas fees have led to a decline in network activity — pushing its utilization to around 15-20%.
CZ said 'lots of details' were given in a letter to US Senators, who were calling for greater transparency and accountability.
The CFTC alleged that Binance executives have engaged in wrongdoing.
CZ said Binance employees use the exchange with a "90 day rule."
