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Topic: BINANCE -HACKED - page 2. (Read 544 times)

hero member
Activity: 2184
Merit: 599
May 09, 2019, 03:36:08 AM
#31
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
member
Activity: 588
Merit: 11
May 08, 2019, 10:00:21 PM
#30
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.
full member
Activity: 952
Merit: 104
May 08, 2019, 05:38:41 PM
#29
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
 


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.
hero member
Activity: 1358
Merit: 509
May 08, 2019, 05:37:02 PM
#28
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. Smiley
As it previously said, I don't believe game changer DEX-s will be a reason to move the funds from centralised places to decentralised places. For the first versions of the next DEX, it will become untrustworthy by the investors.
hero member
Activity: 2366
Merit: 504
May 08, 2019, 05:35:06 PM
#27
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. Smiley
The fact that a few years ago there was a lot of people have been saying if that will become a game changer but this time it doesn't get even a lot of users. How it can be a new trend if the investors don't wanna move to the dex. A few times the hacked cases happened with dex and there is no one of that dex gets hacked on its how wallet. Most of them are getting hacked on its DNS or gets a similar phishing site.
Crypto users are still not yet ready for that.
sr. member
Activity: 364
Merit: 250
May 08, 2019, 04:30:39 PM
#26
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. Smiley
sr. member
Activity: 364
Merit: 250
May 08, 2019, 04:29:00 PM
#25
Decentralised exchanges are definitely the way to go and Blocknet is great project that deserves more attention.
jr. member
Activity: 31
Merit: 1
May 08, 2019, 04:25:50 PM
#24
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.
legendary
Activity: 1118
Merit: 1004
May 08, 2019, 04:15:30 PM
#23
A move towards DEX has to be the next step for the crypto space.
jr. member
Activity: 31
Merit: 1
May 08, 2019, 03:59:02 PM
#22
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.
hero member
Activity: 771
Merit: 521
May 08, 2019, 03:49:47 PM
#21
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




hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 08, 2019, 03:37:29 PM
#20
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.
full member
Activity: 798
Merit: 103
May 08, 2019, 01:52:54 PM
#19
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.
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
May 08, 2019, 01:42:46 PM
#18
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.
full member
Activity: 742
Merit: 101
May 08, 2019, 01:25:51 PM
#17
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..  Grin
pey
sr. member
Activity: 546
Merit: 251
Free Crypto in Stake.com Telegram t.me/StakeCasino
May 08, 2019, 07:17:55 AM
#16
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.
newbie
Activity: 17
Merit: 0
May 08, 2019, 06:51:11 AM
#15
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.
sr. member
Activity: 520
Merit: 250
May 08, 2019, 06:16:30 AM
#14
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  Wink
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
legendary
Activity: 2576
Merit: 1655
May 08, 2019, 04:23:21 AM
#13
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
 

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.
legendary
Activity: 1904
Merit: 1277
May 08, 2019, 02:28:50 AM
#12
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  Wink

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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