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Topic: Binance CEO Changpeng Zhao: ‘All Funds Are Safe’ (Read 181 times)

hero member
Activity: 1190
Merit: 511
everthing is just a game of sharks. Sharks created rumors to dump bitcoin price. CHangoeng Zhao also is big shark.

You never know with altcoin exchanges, they are even more dodgy than the usual big exchanges like Coinbase. And even then, all exchanges are now becoming altcoin exchanges too, with Coinbase supporting shitcoins like BCash. Im sure Brian Armstrong teamed up with Roger Ver and Craig Wright to pump BCash. Im glad to see that they are getting a class action lawsuit. We'll see if they can keep playing games with people's money. Im tired of seeing shitcoin pumpers while damaging Bitcoin in the process.
That is a good news for everyone here who have investment of have in Binance at least now they can relieve their mind and relax that their investment is safe and sound. Good to hear this as well coming from the CEO of that certain exchange.
newbie
Activity: 55
Merit: 0
How does reversing work? is there any good tutorial?
legendary
Activity: 1512
Merit: 1011
I will start believe that  ‘All Funds Are Safe’ after they restore all withdraws and they are fast as before.

Until then.. .they can only winning some time to clean the mess.
jr. member
Activity: 93
Merit: 5
hmm..itseem somewhat its over a bit..
but still its better everything comes to an end soon and everythings gets safer and regulated as well..

dex like idex is more safer than these cex
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
I wonder here what happened all the way back when Mt Gox was having the start of their problems. I mean, look at recent event and all those of history. Management wants people not to panic, as that would be catastrophic for the company, bleeding out capital and liquidity. Every CEO has said to calm down and gave assurances that things would be okay.

Remember BTC-e? They promised everyone would get their money back. So did Mt Gox actually. We know that neither could fulfil their promises.
legendary
Activity: 1610
Merit: 1183
everthing is just a game of sharks. Sharks created rumors to dump bitcoin price. CHangoeng Zhao also is big shark.

You never know with altcoin exchanges, they are even more dodgy than the usual big exchanges like Coinbase. And even then, all exchanges are now becoming altcoin exchanges too, with Coinbase supporting shitcoins like BCash. Im sure Brian Armstrong teamed up with Roger Ver and Craig Wright to pump BCash. Im glad to see that they are getting a class action lawsuit. We'll see if they can keep playing games with people's money. Im tired of seeing shitcoin pumpers while damaging Bitcoin in the process.
member
Activity: 378
Merit: 10
I don't know what exactly irregular trades will be, because I am very confusing about these option, how people done this without any involvement of binance exchange?
jr. member
Activity: 123
Merit: 2
The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

Sounds good. and it is good to hear funds are safe. but Binance need to more secure their site. they need to setup more security so that hacker can't hack.
member
Activity: 172
Merit: 11
It's really great news that Binance's security measures seem to have held up and that all trades have now been reversed. This is a big win for them when you look at it in that way. They can spin the story positively instead of it being a negative event.
member
Activity: 171
Merit: 10
The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng
I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.

So it's actually normal condition? Why? I read a lot of peoples predict the market will recover and now the market crash again.
Mt Gox sold the 400 million this is the main reason for dump. It will again recover you should wait two more days.

I wonder how is that not against any fu*king law... How does those scammers still have all this money, I would assume by now they got sued down to every last penny...
sr. member
Activity: 924
Merit: 260
Coming across this news for the first time and hope people money and coins are save? I think the irregular transaction is what is making this high price dump. I will advice we should be able to get more security especially the big exchange platform. Bitcoin and other crypto currencies are here to stay and we should give the exchange support needed.
legendary
Activity: 1792
Merit: 1283
I wish people would stop calling this a 'hack', because it clearly wasn't, Binance users were victims of phishing.
Even in this article they're still calling it a hack, while also mentioning it was a phishing attack. Those two things are not the same  Roll Eyes
legendary
Activity: 1596
Merit: 1011
Very interesting to read about the ins and outs of this hack. It looks like it was a long time in planning.

You'd have to have sizeable balls to be confident running an exchange in this day and age. They are the biggest and fattest target imaginable and all it takes is one tiny hole in your operation and someone'll let rip.
To run an exchange you need to spend money and effort to safe guard the assets,it is easy to start a crypto currency exchange but to maintain it with utmost security you need to spend money and assign the people needed to safe guard the operations,the stock exchanges are employing high standards and you need to have that kind of security measures for cryptocurrency exchanges too.
An exchanges does have a good security standard, but every day technology is on the rise. The Exchange must also keep updating all of its security systems at all times, as hackers will always evolve rapidly. Do not let the security system manipulated by hackers because it can make the state of the economic system becomes uncontrolled, including the system of digital currency that could have been made destroyed by the hacking incident of an exchange.

The selection of exchange is the most important thing to be able to secure the investment, I am not a promotion but I want to say that Bittrex is one of the exchange that has a good level of trust and you should include Bittrex into the list in trading.

Believe that when we can maintain a stable condition then the development of digital currency will continue to increase.
sr. member
Activity: 980
Merit: 250
i think this is good news for binance member especially and generally for cyrptocurrency trader.i could take back market confidents ,so much trader could invest again their money into crypto markets.
member
Activity: 252
Merit: 10
The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng
I think because of this the binance now are more strict when it comes on their site and I think even sign up or log in they will become more strict. Well sorry to those hacked victims.
sr. member
Activity: 1092
Merit: 257
LuckyB.it is Back!
The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng
I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.

So it's actually normal condition? Why? I read a lot of peoples predict the market will recover and now the market crash again.
Mt Gox sold the 400 million this is the main reason for dump. It will again recover you should wait two more days.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
Very interesting to read about the ins and outs of this hack. It looks like it was a long time in planning.

You'd have to have sizeable balls to be confident running an exchange in this day and age. They are the biggest and fattest target imaginable and all it takes is one tiny hole in your operation and someone'll let rip.
To run an exchange you need to spend money and effort to safe guard the assets,it is easy to start a crypto currency exchange but to maintain it with utmost security you need to spend money and assign the people needed to safe guard the operations,the stock exchanges are employing high standards and you need to have that kind of security measures for cryptocurrency exchanges too.
jr. member
Activity: 100
Merit: 5
everthing is just a game of sharks. Sharks created rumors to dump bitcoin price. CHangoeng Zhao also is big shark.
full member
Activity: 742
Merit: 144
It is good for the latest Binance API hack victims. This will help to ease the pain of the market.

Good to here that one of the biggest crypto exchange are working hard to secure all the funds of investors though we all know its really not safe to put your money in any exchange but this action might encourage everyone to just trust exchanges.
full member
Activity: 378
Merit: 101
The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng
I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.
One of the possible reason why bitcoin and most of the altcoins are falling because of the Mt.Gox trustee if I'm not mistaken for this selling schemes, panic selling from their trustee and I heard that they are selling a bunch of bitcoins to pay all their debts from the hacking incident, other possible reasons is because of the fud's spreading from the binance stealing incident and exchanges regulations, good thing binance actions are fast to freeze the accounts of the hackers, kudos with the team behind them.
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