Binance: $BNB The Future of Exchanges. - page 50.

Distinctin

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No dream is too big and no dreamer is too small

Quote from: JollyGood on May 10, 2019, 06:58:32 AM

Quote from: tempus on May 10, 2019, 05:48:10 AM

Quote from: JollyGood on May 10, 2019, 05:27:27 AM

Is the general consensus here leading to most people believing there was much more to the 7000 BTC Binance "hack" than was made public?

Unlikely... if that would be true it would be easy to show transactions. But there are none, besides the 7k BTC, I would know of.

Is that likely to change in the near future? Is there any scope for that?

I doubt, the first announcement would be change, otherwise, people will not believe in Binance anymore.
At the moment, they are the only one that knows what really happens, and I think it's been investigated by whoever parties interested, or might be the regulator also.

JollyGood

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Quote from: tempus on May 10, 2019, 05:48:10 AM

Quote from: JollyGood on May 10, 2019, 05:27:27 AM

Is the general consensus here leading to most people believing there was much more to the 7000 BTC Binance "hack" than was made public?

Unlikely... if that would be true it would be easy to show transactions. But there are none, besides the 7k BTC, I would know of.

Is that likely to change in the near future? Is there any scope for that?

akela04

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The exchange is already raking shoals and restoring reputation. Binance soon will make major changes to the security system on the side of the backend, as well as update the principles of risk management and KYC-procedure. The withdrawal, according to Changpeng Zhao, will be opened early next week.I think everything will be fine with the exchange because it is unprofitable for them to spoil their reputation.

tempus

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Quote from: JollyGood on May 10, 2019, 05:27:27 AM

Is the general consensus here leading to most people believing there was much more to the 7000 BTC Binance "hack" than was made public?

Unlikely... if that would be true it would be easy to show transactions. But there are none, besides the 7k BTC, I would know of.

JollyGood

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Is the general consensus here leading to most people believing there was much more to the 7000 BTC Binance "hack" than was made public?

tempus

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Interesting analysis:

Body Language: Binance Bitcoin Hack Changpeng Zhao #SAFU
https://youtu.be/trmDlXN36Bk

JollyGood

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Quote from: olumyd on May 09, 2019, 12:46:36 PM

Quote from: JollyGood on May 08, 2019, 07:22:28 AM

Quote from: niisarearning on May 08, 2019, 07:12:17 AM

After todays event binance no more safest exchange for all . It was quite good with latest IEO concept and other discount for BNB holder now they started to manipulated market they got to pay for that .

I am not impressed with Binance. Yes they will cover losses on this occasion but this hack will affect investor confidence.

It's sad what happened to binance. However, it could have happened to any exchange and being the number 1/2 by 24 hours volume, it was bound to happen eventually.

Yes it was sad and quite a shock to read about it in the media too.

I never thought it would happen to Binance. I want them to release the full real details about the hack, how it occurred and what provisions they made to ensure it does not happen again.

klaaas

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Quote from: dark1234 on May 09, 2019, 04:21:03 PM

believe it or not until now BNB is still one of the top exchanges even though we know some time ago BNB was hurt but this did not affect the volume and trading investment in it
[/quote]
They can take a punch but gaining back trust is going to take more. Security is a big issue for most and pretty important.

dark1234

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Quote from: Jcga on May 09, 2019, 03:15:13 PM

Pretty boring crypto day^^
I would have not thought that Bnb coud have been hurted that much,
even with the 7k btc hacked news. Still confident about bnb.

believe it or not until now BNB is still one of the top exchanges even though we know some time ago BNB was hurt but this did not affect the volume and trading investment in it

Jcga

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Pretty boring crypto day^^
I would have not thought that Bnb coud have been hurted that much,
even with the 7k btc hacked news. Still confident about bnb.

dr.cheema

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Quote from: JollyGood on May 08, 2019, 07:22:28 AM

Quote from: niisarearning on May 08, 2019, 07:12:17 AM

After todays event binance no more safest exchange for all . It was quite good with latest IEO concept and other discount for BNB holder now they started to manipulated market they got to pay for that .

I am not impressed with Binance. Yes they will cover losses on this occasion but this hack will affect investor confidence.

No doubt! Many exchange users move to other exchanges cause of hack but i think now Binance will be more secure than before.
Agree with you that they will cover loss but users were not affected by this loss, plus point for binance that they care about users.

olumyd

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Quote from: JollyGood on May 08, 2019, 07:22:28 AM

Quote from: niisarearning on May 08, 2019, 07:12:17 AM

After todays event binance no more safest exchange for all . It was quite good with latest IEO concept and other discount for BNB holder now they started to manipulated market they got to pay for that .

I am not impressed with Binance. Yes they will cover losses on this occasion but this hack will affect investor confidence.

It's sad what happened to binance. However, it could have happened to any exchange and being the number 1/2 by 24 hours volume, it was bound to happen eventually.

cepot9

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Cryptocurrency addict | Invest at your own risk.

Quote from: kronos123 on May 09, 2019, 08:42:35 AM

Quote from: kronos123 on May 02, 2019, 04:15:28 PM

Binance was the first to introduce IEOs, the second after Coinbase to allow the purchase of Crypto with a credit card, and many other things have yet to come, such as leverage and loans.

Just 7 days ago I said this words on Binance exchange and after 2 days came out this announcement in which margin trading will come soon on the exchange, initially obviously only for the most traded pairs of Coin
https://cryptoslate.com/margin-trading-for-btc-bnb-eth-tron-and-xrp-could-soon-come-to-binance/

Regarding the probable Hack of the last few days we can see how this not only did not cause any shock to the market (in another period such an event would have caused a drop of at least 10%) but, after a small initial slip, Bitcoin and the market has continued to rise, touching new season highs; this means market strength and that the event was perceived as something of little relevance.

this is a good exchange risk and having a large trading volume will be the target of hacking by bad people, hopefully binance can overcome it because this results in their BNB directly experiencing a considerable decline

babarian

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Quote from: coininvesting1 on August 11, 2017, 01:27:45 PM

$BNB the ONLY coin where you can invest in the exchange. This will be a top coin for chinese/international traders. Eventually it will only be 100M supply.

don't deify Binance too, they're also not as perfect as you might think. a few days ago didn't they have a problem? come on, friend, nothing is perfect in this world. Binance might be the best now but it doesn't mean without flaws.

to be able to discuss events that happened to Binance you can visit the following link: https://bitcointalksearch.org/topic/binance-has-been-hacked-lost-7074-btc-5140477 or https://bitcointalksearch.org/topic/binance-hacked-7000-btc-stolen-5140494

kronos123

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Quote from: kronos123 on May 02, 2019, 04:15:28 PM

Binance was the first to introduce IEOs, the second after Coinbase to allow the purchase of Crypto with a credit card, and many other things have yet to come, such as leverage and loans.

Just 7 days ago I said this words on Binance exchange and after 2 days came out this announcement in which margin trading will come soon on the exchange, initially obviously only for the most traded pairs of Coin
https://cryptoslate.com/margin-trading-for-btc-bnb-eth-tron-and-xrp-could-soon-come-to-binance/

Regarding the probable Hack of the last few days we can see how this not only did not cause any shock to the market (in another period such an event would have caused a drop of at least 10%) but, after a small initial slip, Bitcoin and the market has continued to rise, touching new season highs; this means market strength and that the event was perceived as something of little relevance.

JollyGood

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Quote from: Sanitough on May 09, 2019, 07:23:30 AM

Quote from: JollyGood on May 08, 2019, 07:22:28 AM

I am not impressed with Binance. Yes they will cover losses on this occasion but this hack will affect investor confidence.

For sure, but that remains to be seen, as long as they continue to serve better compared to their competitors, they will still lead in the exchange industry.
This incident tells that no exchange is safe as even the best in the business were hack, the hacker is also giving this big statement to all of us.

Yes this incident tells us no exchange is safe but we still do not have details about how the took place and what actually happened. All we know is 7000 BTC were stolen because of a hack.

If Binance continue to server customers well compared to competitors then they should firmly still stay ahead of the rest.

Sanitough

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Quote from: JollyGood on May 08, 2019, 07:22:28 AM

Quote from: niisarearning on May 08, 2019, 07:12:17 AM

After todays event binance no more safest exchange for all . It was quite good with latest IEO concept and other discount for BNB holder now they started to manipulated market they got to pay for that .

I am not impressed with Binance. Yes they will cover losses on this occasion but this hack will affect investor confidence.

For sure, but that remains to be seen, as long as they continue to serve better compared to their competitors, they will still lead in the exchange industry.
This incident tells that no exchange is safe as even the best in the business were hack, the hacker is also giving this big statement to all of us.

JollyGood

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Quote from: niisarearning on May 08, 2019, 07:12:17 AM

After todays event binance no more safest exchange for all . It was quite good with latest IEO concept and other discount for BNB holder now they started to manipulated market they got to pay for that .

I am not impressed with Binance. Yes they will cover losses on this occasion but this hack will affect investor confidence.

niisarearning

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Activity: 910

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After todays event binance no more safest exchange for all . It was quite good with latest IEO concept and other discount for BNB holder now they started to manipulated market they got to pay for that .

Sanitough

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Quote from: Jcga on May 07, 2019, 08:31:43 PM

Quote from: consideritdone on May 07, 2019, 08:24:29 PM

BNB in trouble? but i think it will come back up again
https://www.coingecko.com/en/coins/binance-coin

I hope it's only 7k btc missing,
I guess yes as bnb is recovering pretty well. Not a big deal, the crypto must go on!

Regardless if the amount declared is right or wrong, it's not necessary for us to know anymore because they covered all the loses and it's just an inside incident which does not affect users of the site.

And yes, BNB is still at $20, and this incident only result to a slight dump.

Quote from: Jcga on May 07, 2019, 08:42:08 PM

at 3AM UTC there is a LIVE periscope AMA with CZ on twitter.
https://twitter.com/binance/status/1125930034663809024

Thank you for sharing.

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