Binance Wallet Faces Persistent Display Glitches After Market Crash
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.
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Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
