Topic: Binance hacked. How can this affect altcoin market? (Read 1160 times)
After the hacking incident the market didn't crash it didn't affect, but BNB went down after that happened I think. Well we should not put all our money in one exchange even it's big exchange with high security the hackers can hack it.
It is so sad news that hackers are finding their way easier to hack exchanges. So it is high time taking measures to stop or prevent such hacking. One of the interesting fact is that many exchanges have been hacked so far and many incidents of scams have taken place. But there is no data whether hackers or scammers have been arrested. Police or concerned authorities must make public arrest of hackers or scammers to discourage such incidents in the days to come.
the binance hacked has nothing to do with the market.. it didn't affect as well the price of binance coin..
Binance was do hacked, but they have easily recovered the losses from their SAFU fund, so this occasion did no affect the cryptocurrency market.
Thats right! No effect at all except for BNB because the good thing is that BTC pumped hard and I believe thats one of the reason why altcoins dumped. Yes, they have SAFU but it was a surprise that the most reputable exchange got hacked but we will not removed the fact that the more you are better than the others it will make you a target for hackers.
Binance hacked, hackers steal 7,000 bitcoin: https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20
Will this event affect altcoins?
Bad news, because this BTC will be sold soon on the market and it will affect on BTC price huge. But I am sure that Binance is still #1 and now a good chance to buy BNB for the low price.Will this event affect altcoins?
Binance was do hacked, but they have easily recovered the losses from their SAFU fund, so this occasion did no affect the cryptocurrency market.
you're wrong. after the hacking of the exchange, deposits and withdraw on this exchange were closed. and I believe that this gave a significant opportunity to raise the price. after the withdrawal was opened you see what happened to the price
maybe there are some people who are nervous about the assets they have in binary exchanges, and that is very reasonable because they don't want their assets to just disappear. but what I heard was that all assets were safe and nothing was lost from the hacking incident. 
Of course, any such event will have a negative impact on the market,as many immediately lost confidence in the exchange,once hacked so big,note how many exchanges have already been hacked,the same cryptopia,all gone to the bottom,and how many more of these will be!Therefore, all these events have a very negative impact
I think the hacking of the exchange did not affect the market as a whole, only the only BNB coin sank, but later showed a rapid growth, apparently the exchange completely closed the issue with hacking.
you're wrong. after the hacking of the exchange, deposits and withdraw on this exchange were closed. and I believe that this gave a significant opportunity to raise the price. after the withdrawal was opened you see what happened to the price 
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
I guess that it will not give a big effect to binance since you say it is only 2% of the total capital.They don't make any massive withdraw from binance because they see what binance did for the member who is losing their balance because of the hacked.
If the exchange can take responsibilities, then people would still believe in them because the exchange is not run away from the problem, but they are trying to fix the problem for their members.
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
I guess that it will not give a big effect to binance since you say it is only 2% of the total capital.Traders were only trading the coins.
But if they are saving their coins at the exchange, then that is their mistake if somehow they are losing their coins.
It's better to save the coins in the hardware than in the exchanges.
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
I guess that it will not give a big effect to binance since you say it is only 2% of the total capital.But that hacking news was made many people worried because I am sure they have bigger balance in binance, but fortunately, binance give a clarification that they will replace the balance if the bad things come to their members.
I am sure binance will do their best to protect their site so this will not happen in the future.
But if we still save the coins in the exchange, then we make our own mistake
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
I guess that it will not give a big effect to binance since you say it is only 2% of the total capital.But that hacking news was made many people worried because I am sure they have bigger balance in binance, but fortunately, binance give a clarification that they will replace the balance if the bad things come to their members.
I am sure binance will do their best to protect their site so this will not happen in the future.
And this is great, let people first of all think about where their money is kept and what risks they are exposed to if it is a centralized exchange.
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
I guess that it will not give a big effect to binance since you say it is only 2% of the total capital.
I think the hacking of the exchange did not affect the market as a whole, only the only BNB coin sank, but later showed a rapid growth, apparently the exchange completely closed the issue with hacking.
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
I guess that it will not give a big effect to binance since you say it is only 2% of the total capital.
wow, how could this happen?, binance is top exchange. In my view, binance will recover investor who lost money, and I think to recover 7000BTC is easy by binance, so it will not effect much to market.
no problem with binance customer fund.they have huge reserved fund from their years operation in market.as biggest exchanges , binance could generate millions profits from their trading fee.and investors and cryptocommunity not worry with this case.
Given that finance did not give back and took a blow with an outstretched chest, while still thanking hackers for identifying vulnerabilities, I think that everything will be fine with the market even after the next hack exchange.
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
I guess that it will not give a big effect to binance since you say it is only 2% of the total capital.But that hacking news was made many people worried because I am sure they have bigger balance in binance, but fortunately, binance give a clarification that they will replace the balance if the bad things come to their members.
I am sure binance will do their best to protect their site so this will not happen in the future.
wow, how could this happen?, binance is top exchange. In my view, binance will recover investor who lost money, and I think to recover 7000BTC is easy by binance, so it will not effect much to market.
It seems that this hack will only benefit the exchange. Only 2% of the total capital of the exchange was stolen, and the subsequent actions of the founder show that such hacks are not dangerous for him.
Hacking Binance once again proves that there is not a single protected system. Therefore it is better not to keep all your money on the same exchange. It is better to be safe and keep money in your personal wallet or on several exchanges.
Jump to: