Tweets around social media say that The "Hack" was a hoax. It never happened. The reality is that it was an inside job: only admins or staff have to permission to move funds! It was a move to funnel coins (BTC) from staffer's account to another.
Don’t believe in such controversies after such happenings especially the one happened with Binance because most of them are 90% wrong. People start making ambiguities by spreading such nonsense which is a direct effect on the fame and reputation of that company, in case of crypto it happened with exchange that is Binance. It is no doubt a big loss but is a blessing as they will 2x their security now. 
Topic: Binance Has Been Hacked - Lost 7,074 BTC - page 3. (Read 1644 times)
Exactly .. cause binance claims to be the most secured network and the exchange getting hacked in nearly shocking
cause even in 2018 the exchange got hacked and now in 2019 once again
cause even in 2018 the exchange got hacked and now in 2019 once again
Binance been hacked and TRX`s CEO offered to cover it but binance declined it, which means binance can stand on it`s own.
I don't hear this news, what I know was the hacked is covered by the insurance of the SAFU funds.
You should provide a source of information, it's just unbelievable that TRX 's CEO will cover the 7,074 BTC which is already a huge amount of money.
This is terrible news especially because its coming from such a reputable exchange. Its fair to say that exchanges will always be targeted and that losses will occur. As such, exchanges should offer insurance and it looks like Binance are well versed to cover this which is good to see. Ultimately most fintech companies (not just Cryptocurrency/Blockchain related) are targets to hacking/theft every day.
No ambiguity in your comments, all the companies including small scale are the targets of hackers and it is also possible to see another hacking activity in upcoming days. As if it can happen with Binance then any other exchange can also get hacked as hackers are showing super strengths. But the thing is Binance will recover this loss and all measures must be taking for the users not to leave the platform due to this.
Binance been hacked and TRX`s CEO offered to cover it but binance declined it, which means binance can stand on it`s own. Binance fund it right away and no money was lost for the Binance user.
Tweets around social media say that The "Hack" was a hoax. It never happened. The reality is that it was an inside job: only admins or staff have to permission to move funds! It was a move to funnel coins (BTC) from staffer's account to another.
Of course, the burglary situation is extremely unpleasant, but I don’t like how many white spots remain on this story. For example, why have 80 stolen bitcoins returned to a hot money wallet?
No doubt on one side with the growth and enhancement of technologies and arrival of new innovations especially the currency modernism hackers are also catching fire on the other side. Hackers do not follow the rules whether it is a leading exchange or not, they did not even forgive Binance. But we should think how secure these exchanges are because the ratio of hacking is very small to its security. 
As far as I know this fact is true. I saw the news on many websites and on Twitter it was viral. Some information is available in accordance with your link. Some of my friends account have been hacked, so I'm more concerned about the fact that it has been hacked. If Binance did not hack then my friends' dollars would not be lost. I know they had trading, so their good amount of money was in Binance but sadly, they lost all their dollars.
That is bad for those your friends but my coins were in my account when I checked after the hacked. Maybe because the amount in my wallet were not much so the Hackers did not care moving them. However, binance remains strong after the hacked and it is one of the reasons why people are building more confidence on the cryptocurrencies exchange this day and why bitcoin is increasing in price. 
if it is, now is the right time to insure assets thats we have to be safe, or at least there is someone who gives us compensation when our assets are lost due to hacking or whatever, a few days ago I found one of the projects engaged in crypto insurance,
please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
I haven't heard about this so called insurers. For me it's the responsibility of the exchanges to have at least a plan to cover in cases of funds being lost to hacks or inside job. Binance already proved that exchanges can do it with their SAFU, so I hope other exchanges will follow as well.please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
Their SAFU? its a Binance only thing and self regulation and self insurance is the most stupidest thing to do. Look at what Tether did.
You can’t compare tether operation to that of binance, tether has never ran their business with integrity, so many opportunity they have had to proof themselves trust worthy were being block, i.e the issue of not allowing auditing, but binance has done everything possible to be transparent.
Of course, the burglary situation is extremely unpleasant, but I don’t like how many white spots remain on this story. For example, why have 80 stolen bitcoins returned to a hot money wallet?
if it is, now is the right time to insure assets thats we have to be safe, or at least there is someone who gives us compensation when our assets are lost due to hacking or whatever, a few days ago I found one of the projects engaged in crypto insurance,
please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
I haven't heard about this so called insurers. For me it's the responsibility of the exchanges to have at least a plan to cover in cases of funds being lost to hacks or inside job. Binance already proved that exchanges can do it with their SAFU, so I hope other exchanges will follow as well.please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
Their SAFU? its a Binance only thing and self regulation and self insurance is the most stupidest thing to do. Look at what Tether did.
The facts are true. However, from the fact that we will have to take education for the future. But the happiness is that the company has agreed to complete this loss. I do not want those who have lost their lives in this manner.
if it is, now is the right time to insure assets thats we have to be safe, or at least there is someone who gives us compensation when our assets are lost due to hacking or whatever, a few days ago I found one of the projects engaged in crypto insurance,
please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
I haven't heard about this so called insurers. For me it's the responsibility of the exchanges to have at least a plan to cover in cases of funds being lost to hacks or inside job. Binance already proved that exchanges can do it with their SAFU, so I hope other exchanges will follow as well. please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
if it is, now is the right time to insure assets thats we have to be safe, or at least there is someone who gives us compensation when our assets are lost due to hacking or whatever, a few days ago I found one of the projects engaged in crypto insurance,
please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
please check: https://www.inzura.world
from what I saw, this project covered several known exchanges like Binance, HitBtc, Coins and many others,
personaly i think there is not truly safe now, so we must be careful...
I could remember back last year this same incident do take place, one thing we still believe is that it doesn't concern investors with huge bags. We really need to be careful and security conscious at all times regarding our funds on Exhcangers.
This is terrible news especially because its coming from such a reputable exchange. Its fair to say that exchanges will always be targeted and that losses will occur. As such, exchanges should offer insurance and it looks like Binance are well versed to cover this which is good to see. Ultimately most fintech companies (not just Cryptocurrency/Blockchain related) are targets to hacking/theft every day.
No ambiguity in your comments, all the companies including small scale are the targets of hackers and it is also possible to see another hacking activity in upcoming days. As if it can happen with Binance then any other exchange can also get hacked as hackers are showing super strengths. But the thing is Binance will recover this loss and all measures must be taking for the users not to leave the platform due to this. 
That is why it is unwise to put your assets in the exchanges as even this famous exchange site is not safe from the hackers. Hopefully that they could easily recover their lost reputation and regain the crypto users trust as i heard about that their is an inside job activities.
From what I even learnt recently, I learnt that the fraud was not a direct hacking n Binance system itself but as a result of loosed @FA factor and passwords of the victim, if it were to be so, I wonder why Binance will then accept to take the entire fault on themselves. Binance must rally have won so many people’s heart strongly and despite this, there is still no much dump in the price of Binance. Like you said, we should not think all exchanges will always be there for us when hackers steals from us through the exchange wallets, that is why we need to always keep our funds safe and very close to us in a wallet that give private keys.
Losing 7,074 bitcoin is very sad for Binance, we know Binance is one of the secure trading site but that's happened last few days ago which is really bad. I think more traders of Binance are affected on that because they have doubt to keep their coins to Binance and pther I think already leave because they did not want to lose also their money. I hope Binance team will take an action for this and secure their security and they need to upgrade and develop more secure system so the hacker will not easily hack.
There is no doubt in the fact that it is a point of concern for the exchange and this was a failure of the exchange to be honest but one thing needs to be cleared here. Had the exchange not been Binance and had it been another exchange, it would have found it very difficult or impossible to recover from the loss. Binance proved its metal by rising up in the critical time and this is something that makes Binance the best. 
Losing 7,074 bitcoin is very sad for Binance, we know Binance is one of the secure trading site but that's happened last few days ago which is really bad. I think more traders of Binance are affected on that because they have doubt to keep their coins to Binance and pther I think already leave because they did not want to lose also their money. I hope Binance team will take an action for this and secure their security and they need to upgrade and develop more secure system so the hacker will not easily hack.
Binance is making things under their control, so we can move on about this issues now since they will pay for that losses and there’s no affected user on this one. Binance is a great exchange that they have more funds to repay the losses, this is how exchanges should prepare for a possible incidents like this, BNB coin will still go up high this year. 
rip 7k btc.
Source: https://binance.zendesk.com/hc/en-us/articles/360028031711
TX: https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea
"Store coins yourself. You fight hackers yourself, and guard from losing wallet yourself. Computer breaks, USBs gets lost.
Store on an exchange. Only use the most reputable, proven secure, exchanges.
Or move to DEX, disrupt ourselves. https://t.co/Ci4ux9I3VD"
— CZ. Jan 15, 2019
Source: https://binance.zendesk.com/hc/en-us/articles/360028031711
TX: https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea
And let's not forget some Words of Wisdom from CZ
"Store coins yourself. You fight hackers yourself, and guard from losing wallet yourself. Computer breaks, USBs gets lost.
Store on an exchange. Only use the most reputable, proven secure, exchanges.
Or move to DEX, disrupt ourselves. https://t.co/Ci4ux9I3VD"
— CZ. Jan 15, 2019
In addition to what happened, whether the fund are safe, it shows and proof that even the exchange itself was belong at the top platform site risk and danger can't be stop. I doubt that their clients won't get by it, after all what happened, probably some of them are now thinking to shift in the other exchange to trade their coins. This was according to my insight only.
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