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- Binance Wallet displayed zero balances due to network congestion; assets remained secure.
- Users faced delays in event data, not actual transactions or wallet security.
- Market volatility highlighted the need for robust platform infrastructure and communication.
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Binance Wallet recently experienced temporary display glitches, sparking concern among users trying to monitor their crypto assets. The issues coincided with the market turbulence on October 10, which saw several altcoins briefly drop to zero on the platform. Many investors took to X to report problems and voice frustration over their inability to track event data and token balances.
PeckShield Flags Technical Problems
Blockchain security firm PeckShield confirmed that Binance Wallet users were encountering display errors. Balances and token prices appeared as zero, though the firm emphasized that core wallet functions remained unaffected. The instability primarily impacted interactive event data, not actual holdings or transactions, highlighting the difference between a technical display issue and real asset loss.
#PeckShieldAlert Users are reporting display issues with their Binance wallets, with balances and token prices showing as zero. The wallet interface appears unstable @BinanceWallet pic.twitter.com/bTCUIE4s41
— PeckShieldAlert (@PeckShieldAlert) October 13, 2025
Network Congestion Behind Delays
Binance Wallet addressed the situation, attributing the glitches to network congestion caused by the surge in user activity. The company reassured users that wallet security, balances, and transactions were fully intact. System updates and event participation details simply required additional time to load properly due to the high traffic. Users were advised to refresh their interface periodically while the network stabilized.
User Losses Spark Concern
Despite reassurances, some users reported financial losses. One user claimed a loss of over $130 due to a 3.5% drop in BNB, citing difficulties in selling during the outage. Questions have arisen about the platform’s ability to handle high-volume trading during periods of market stress, with investors calling for better safeguards and communication in such situations.
Also Read: Binance Coin (BNB) Breaks $1,000: Could $3,000 Be Next?
Similar display issues occurred on Trust Wallet on October 12, affecting thousands of users globally. While all assets remained secure, the incident underscores the vulnerabilities wallets face during extreme market volatility. Experts suggest that robust infrastructure and timely communication are critical to maintaining user trust during high-stress periods.
Binance Wallet continues to work on restoring full functionality as network conditions stabilize. While the glitches were temporary and did not affect user assets, the incidents highlight the importance of resilient platforms capable of managing surges in activity, ensuring both security and transparency for investors.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
