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Topic: Binance hack, Self inflicted or it didn't happen at all? - page 3. (Read 708 times)

hero member
Activity: 924
Merit: 501
I think it doesn't matter whether it was a PR campaign from Binance or a real hack of the exchange. As a result, everything ended well, the price did not fall, all the money remained in its place.
sr. member
Activity: 1876
Merit: 289
Zawardo
I don't know what really happen to Binance, is it really hack or not? I think they just want to create FUD to bring down bitcoin who knows?.
hero member
Activity: 1302
Merit: 540
For me as far as they returned peoples money and everyone is safe thats whats basically needed for progress I think so lets hope that never occurs again and as for the 7k transfer thats actually very weird but it might be they got through some of their tracking system unexpectedly

And also, I really don't think that it is self-inflicted at all. This incident have negative impact on their security image so there's no reason for them to do that at the expense of their reputation. But I think, it is one lesson for them. Invest their money also in tight security measures.
With how they succeed with their business I also agree that they've won't let this incidents to doubts their service, the security breach always the
target of hackers, and with this open opportunities they will grab it right away and do everything that will benefits them.

Interest of investors and traders will be eyeing with this issue, whether it's for real or not.
jr. member
Activity: 126
Merit: 2
According to their most recent blog post, Binance are striving to maintain the highest degree of transparency, but are concerned that sharing too many security details will tip off hackers and ultimately weaken their own security. Nevertheless, I do believe it’s important for the community to understand what happened
member
Activity: 728
Merit: 14
what strange is that it was around 7000 bitcoins each time. is this supposed to be a hidden clue that it was the same hacker every time? nevertheless, really bad, that binance has lost two times so much money. other companies would be broken with such sums of money.
sr. member
Activity: 966
Merit: 274
Why always 7000 BTC ? lol
I dont know what happen, why someone can transfer 7000 BTC in single transaction? binance limit 100 BTC withdrawal if you a verified users.


It is already said, binance told us that they have a security breached, in that case, even any amount of bitcoin can be accessed through that entry point since their security has been damaged. What good in here is that, if binance found out the track point, then they can provide now a resolution and increase their exchange's security.
jr. member
Activity: 392
Merit: 2
The Binance hack has happened for sure but  it could be an insider job or with a help of and insider who was aware how all the security gates work.
Hopefully, we will have some results of the investigation soon and that it will be public.
pey
sr. member
Activity: 546
Merit: 251
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Funny bullshit, if there will be a bull run, no matter how powerful such companies are, they can only delay it for a while and there must be good reason for that considering the cost.
full member
Activity: 1904
Merit: 138
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For me as far as they returned peoples money and everyone is safe thats whats basically needed for progress I think so lets hope that never occurs again and as for the 7k transfer thats actually very weird but it might be they got through some of their tracking system unexpectedly

And also, I really don't think that it is self-inflicted at all. This incident have negative impact on their security image so there's no reason for them to do that at the expense of their reputation. But I think, it is one lesson for them. Invest their money also in tight security measures.
member
Activity: 854
Merit: 21
The transparency of centralized exchanges is debatable and obscure. The issue with centralized exchanges however i this.
 Quite possibly's Binance could complete a self incurred or this hack doesnt truly occurred. In any case, knowing Binance notoriety, perhaps these charges could be false also.
A major crypto exchange, does they truly need to do a trick this way? Consider it. I surmise they could do it on the off chance that they are urgent to have money however they are the number 1 exchange. Despite everything I trust CZ and enemy the record hacked occasions arent made arrangements for something. Programmers are presumably getting a charge out of now their stolen assets.
full member
Activity: 1470
Merit: 103
COMBO 2.0
For me as far as they returned peoples money and everyone is safe thats whats basically needed for progress I think so lets hope that never occurs again and as for the 7k transfer thats actually very weird but it might be they got through some of their tracking system unexpectedly
legendary
Activity: 1274
Merit: 1004
There is one of the reason we can say yes that is a reason we can say binance is actually hacked or not. Maybe just one public interest and their trust so they just acted like they got hacked maybe they got hack and the 7000 Bitcoins where stolen and as we know they are not moved from the hacker address.
But still, it can be all an act to get public trust
sr. member
Activity: 854
Merit: 281
I'd say if this is a conspiracy to play victim, it's a highly risky one given the transparency of the bitcoin ledger and the need for record-keeping in whatever jurisdiction they are at. I see no reason why Binance would fake a hacking theft given that it tends to diminish public trust in the platform, and given that they were insured by themselves anyway.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
There are many questions that one can possibly ask in regard to the recent Binance hack. Although, there's the possibility that this hack never took place, and just Binance tried to play their games on Tether saga, Another issue is that, if the hack took place, it will be as a result of an insider and amount not upto such huge amount mentioned in the hack.
copper member
Activity: 349
Merit: 0
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Hmmmm, I don't really believe that binance was hacked, saw it as a false belief that is meant to be true. But even if they were truly hacked, binance on the others hand was well prepared for it
member
Activity: 1008
Merit: 12
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I agree to the point that if someone has really stolen and transferred that much amount of bitcoins from binance then binance should be more transparent and share all the details with the public especially the tracking link of the transaction where hacker was able to transfer 7000 btc.
hero member
Activity: 1274
Merit: 519
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Nobody wants to get hacked especially Binance itself.
There are different theories and statements regarding the hacking incidents which blame and telling that Binance is also behind the incident but nobody can prove it. I guess hackers are just smarter these days so we couldn't put all the blame in Binance.
hero member
Activity: 784
Merit: 502
Binance believed that they will never get hacked but in the eyes of hackers it is not something different from other exchange so it got hacked as well but binance was prepared for that so they did't lost their reputation much.Why they need to ruin their own reputation?
full member
Activity: 826
Merit: 104
there was no hack but a drama !binance ceo is a clever person and he just transfered that btc to his dex wallet.
i am sure.
jr. member
Activity: 406
Merit: 5
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I have gone through some comments on this thread and seen so many conspiracy theories but the one that got me thinking deeply is the withdrawal limit of 100 btc.. I am now of the opinion that of a truth this was an inside job.. Because I doubt any user can do that without having access to codes and other integral components of the binance exchange..
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