A move towards DEX has to be the next step for the crypto space.
I agree that DEX will make everything more secure, because all of us control ourselves, even if there is a hack because self-negligence is not an exchange party's fault 
Topic: BINANCE -HACKED - page 2. (Read 493 times)
The users' funds in binance are safe according to CZ so there's no worry about that. But what is worrying is the hacker's method of hacking one of the safest cryptocurrency exchange by passing through users according to the report. I hope Binance will address this security flaws successfully in the future.
What are your thoughts on this https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance??
For me there is something fishy about binance hacking.. and regarding justine sun post on twitter about depositing 7k BTC?hmmm
For me there is something fishy about binance hacking.. and regarding justine sun post on twitter about depositing 7k BTC?hmmm
I heard that very sad news for binance, anyway hope this scenario can't affect to bitcoin pump up price increases in the market cap.
Timing attack when bitcoin goes uprise hackers steal the huge from the one most biggest exhange in the crypto currency.
Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.
This will be a game changer for sure.
Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.
This will be a game changer for sure.
Crypto users are still not yet ready for that.
Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.
This will be a game changer for sure.
Decentralised exchanges are definitely the way to go and Blocknet is great project that deserves more attention.
Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.
A move towards DEX has to be the next step for the crypto space.
Finally a posting about a DEX that's a true decentralized exchange. Too often we see hybrid exchanges claiming to be a DEX and misleading users. It's nice to see that this also doesn't use proxy tokens and you're trading the actual assets which means you're in control of your funds throughout the whole trade.
Exchange Hackings, Security and Freedom: Why Would Traditional Exchanges Embrace a Decentralized Exchange?
https://www.ccn.com/exchange-hackings-security-and-freedom-why-would-traditional-exchanges-embrace-a-decentralized-exchange
https://www.ccn.com/exchange-hackings-security-and-freedom-why-would-traditional-exchanges-embrace-a-decentralized-exchange
7000 BTC is nothing for Binance. I don't care. I don't even understand why people care about it. It's just about FUD, this is how some people are going to make money.
This is not FUD, it is a real news story and it is impossible to cover it up, the amount of money stolen was small but that is not the issue here, the issue is that the most popular exchange got hacked and they not only lost money but hackers also got API keys and the two factor authentication codes, that later is the most worrisome as many people are probably using the same codes in several websites, so now traders will need to update their security details in all the platforms they use and that is a huge waste of time but it has to be done.All of this should reinforce the conviction of the community to push for decentralized exchanges.
I am skeptical that they only got BTC stolen if the hackers did have the trading keys, passwords, 2FA of certain persons. Why did they only took BTC and in only one transaction? That's not very logical. But let them the benefit of the doubt.
The worrying thing is that some two-factor authentication codes and API keys were also stolen.
Yup, all those security steps in place just to log in to the damn site and they still get millions of dollars stolen from them in a hack. Unbelievable. And I don't know whether to be suspicious about this or not, but when it comes to crypto exchanges claiming to get hacked, I'm not about to take anything they say at face value.If Binance really did get hacked, that sucks but it's on them for having lousy security. I'm being a bit self-centered here, but I'm more concerned about my account's funds being frozen. I'd really like to know when I'm going to be able to withdraw the crypto I have with Binance. I made a deposit right before the hack announcement, and while I was able to make the trade I wanted to do, I can't withdraw any coins. As soon as I'm able to, you better believe I'm withdrawing everything I've got on Binance.
i knew this would happen,but that's ok.. as long as the users funds are safe,, and the BNB value is not affected on this recent hacking issue.. 
7000 BTC is nothing for Binance. I don't care. I don't even understand why people care about it. It's just about FUD, this is how some people are going to make money.
Everything about this smells fishy and i am out of all markets for the moment. Also notice the Insider trading i.e big Red wicks days before. They knew this was coming or simply stole it themselfs. Its one big Clique at this point.
the 7000BTC were stolen from a hot wallet. the user deposits are all safe and were not affected by the hacker attack.
what surprised me and what is also good that the BNB token has not lost much in its value
We can still say that BNB still have some security that hackers didn't get a lot. This happening will be a reminder to BNB that even how secured they are they still need to improve especially price of BNB this past weeks we're in great value what surprised me and what is also good that the BNB token has not lost much in its value
What are your thoughts on this https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance??
For me there is something fishy about binance hacking.. and regarding justine sun post on twitter about depositing 7k BTC?hmmm
For me there is something fishy about binance hacking.. and regarding justine sun post on twitter about depositing 7k BTC?hmmm
First off, Justin Sun is what we call Shill God, I mean he has been shilling TRX and BNB. Second, there has been speculation that the hacked could be an inside job, but we don't know for sure. Third, doesn't make sense for Justin to deposit 7000 BTC because the funds are covered by Binance by SAFU. Fourth, I believed that it's very sketchy but we don't have any proof of it, it's just speculation on our part.
the 7000BTC were stolen from a hot wallet. the user deposits are all safe and were not affected by the hacker attack.
what surprised me and what is also good that the BNB token has not lost much in its value
what surprised me and what is also good that the BNB token has not lost much in its value
Yes, I also expected BNB to drop like a stone. The resilience is an encouraging sign. Same with the wider market - incidents like this usually cause big price drops across the board, but it's not really the case this time, which does lend weight to the argument that the bear market is well and truly over, and the price rises of the last couple of months aren't just a bump in a downwards road.
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