Topic: Binance system's vulnerability - page 2. (Read 224 times)
Binance system is likely a built in already in cryptocurrency business, and it is a way on which cryptocurrency smoothly operating to their possession. For my own understanding, binance means exchange, and in bitcoin business the binance system are there, and if we sight a certain example of binance vulnerability, it is something happens on altcoin business transactions, that some hackers are there always sighting a opportunity to their next victim. So be double careful on some business transactions.
The summary of all that happened can be seen here - https://support.binance.com/hc/en-us/articles/360001547431-Summary-of-the-Phishing-and-Attempted-Stealing-Incident-on-Binance
Some hackers tried to play some pranks after some account details were stolen in the past, as a result of some past phishing attempts that happened which some binance users fell for some times ago and that eventually led to what happened.
Some hackers tried to play some pranks after some account details were stolen in the past, as a result of some past phishing attempts that happened which some binance users fell for some times ago and that eventually led to what happened.
I believe that any exchange at any time with any protection is always a risk and even more so if you give access to your account to third-party programs or bots.
Binance is no exception.
Loss of deposit on the exchange is painful, but on the other hand it is important to comply with risk management and understand that trading on the exchange puts your money at great risk.
I believe that any exchange at any time with any protection is always a risk and even more so if you give access to your account to third-party programs or bots.
Binance is no exception.
Loss of deposit on the exchange is painful, but on the other hand it is important to comply with risk management and understand that trading on the exchange puts your money at great risk.
'Yes it could be all that triggers the exchange once again,Probably they delay binary exchanges occur due to errors in designing,creating or implementing a system,Not all malicious hackers, if the security hole found by malicious hackers (Black Hat) will likely be used to exploit the system for his own use or exploit if found by a good hacker (white hat) biasnaya he / she will report the security hole to the application developer to be fixed....
It's not that the exchange itself sold the coins, I believe that it was a hack ,and if it will be discovered to be at Binance's end, then they will return return the money to those who was affected in the hack.
I still think that it was at users end because only a small precent of users were affected, most of the users didn't have any problem, so it's probably a software that only X amount of users downloaded.
I still think that it was at users end because only a small precent of users were affected, most of the users didn't have any problem, so it's probably a software that only X amount of users downloaded.
I only heard of a few users. We can assume that most of them either don't know or didn't post anything, but still the panic is much bigger than it should be. It's only a couple users on 1 of the exchanges and people seem to be reacting like it was the end of the world. Quick, dump all cryptos because somebody reported their altcoins were sold without their knowledge. Maybe you shouldn't keep your coins on exchanges in the first place?
Also it's not like they lost their money, they had one asset converted into another at market prices. The money did not leave the exchange (at least from what I heard).
It's not that the exchange itself sold the coins, I believe that it was a hack ,and if it will be discovered to be at Binance's end, then they will return return the money to those who was affected in the hack.
I still think that it was at users end because only a small precent of users were affected, most of the users didn't have any problem, so it's probably a software that only X amount of users downloaded.
I still think that it was at users end because only a small precent of users were affected, most of the users didn't have any problem, so it's probably a software that only X amount of users downloaded.
According to the recent news from www.thenextweb.com, www.financemagnates.com and many more sources it clearly indicates that something fishy is going inside the Binance exchange. Selling of user’s altcoin without their concerns has created a scene of panic. Due to which Binance has suspended withdrawals for the while, things seems to be unclear until any further update. Does this ignite the issue of security among exchanges once again?
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