Topic: Hurray! Binance did it again (Read 401 times)
Somehow it keeps up the trust of people on every incident. Though these incidents cause a negativity, the recovery and refunding to the users make its reputation grow high than going low. Being the top cryptocurrency exchange platform isn't a simple thing. Recently during a hack the lost funds on Binance were settled to the users from its own reserve which won't be done by other exchange services.
Is next the suing of those scam developers?
the author of the Coindesk article in the OP said that they haven't gotten a reply from the exchange about what they're going to do next. But given how compliant the scammer was to return all the stolen funds the moment he was asked to, who knows, maybe they won't be as harsh as they initially wanted to in courteither way, good work from Binance, recovered all the stolen funds + this will give them some free publicity...thing is that some crypto newcomers might feel a false sense of safety by leaving their coins on the exchange rather than in their own wallets after reading this news, they'd be like "well, if something happens to my coins, they'll recover it asap", hmmm 🤔
But with his act, maybe Binance will do something else or they wouldn't bother anymore because they got the funds. The most important thing is that they have the funds again.
Binance win another battle against wine swap scammer that steal over 300k worth of cryptocurrency in October, check the link down below for full news. All affected personal will be refund soon
The team is having more power than the rest of the people in the cryptocurrency space and i really do not like the way in which they are controlling everything but getting the investors their lost funds is a commendable job and we have seen many scams in this space that we literally do not trust anyone. The article in the opening post proved that Binance exchange has an excellent security team, successfully followed transactions made
by scammers. And managed to return the funds to the address of the victim. Everything the Binance exchange has done makes Binance's
reputation even better, and most importantly Binance is indeed a trusted exchange to use.
by scammers. And managed to return the funds to the address of the victim. Everything the Binance exchange has done makes Binance's
reputation even better, and most importantly Binance is indeed a trusted exchange to use.
They needed to make sure about it, they already have an established business so keeping that image is very important for them knowing that every
hackers and scammers will try everything to bridge their securities, good thing that they've able to send it back and to the victims making sure that
traders and investors are really safe using their platform.
The article in the opening post proved that Binance exchange has an excellent security team, successfully followed transactions made
by scammers. And managed to return the funds to the address of the victim. Everything the Binance exchange has done makes Binance's
reputation even better, and most importantly Binance is indeed a trusted exchange to use.
by scammers. And managed to return the funds to the address of the victim. Everything the Binance exchange has done makes Binance's
reputation even better, and most importantly Binance is indeed a trusted exchange to use.
What more can I say, they have the resources they need to fight this kind of fraudulent act. Definitely, they have dedicated personnel to address these delicate situations. Another plus points for Binance here. This is the reason why they are trusted by so many traders.
Binance will remain Binance, the best exchange until now. I wasn't really surprised when they did something big because we already know that Binance is simply amazing. Still my favorite exchange until now.
At first, I thought it was the insurance company that back-up Binance in case something like this ever happens, apparently it wasn't.
However it questionable as the scammer was willing to return the funds as 99,9% recovered.
it seems there will be no law enforcement or prosecution in this case.
After being contacted by Binance, the scammer returned the funds to the exchange.
CoinDesk asked the exchange if it had reported the scammer to law enforcement, but a reply hadn't been received by press time.
~
According to Binance, the undisclosed scammer was “quick to cooperate in an attempt to avoid the impending consequences.”
source
However it questionable as the scammer was willing to return the funds as 99,9% recovered.
it seems there will be no law enforcement or prosecution in this case.
After being contacted by Binance, the scammer returned the funds to the exchange.
CoinDesk asked the exchange if it had reported the scammer to law enforcement, but a reply hadn't been received by press time.
~
According to Binance, the undisclosed scammer was “quick to cooperate in an attempt to avoid the impending consequences.”
source
So they aren't going to do anything about this thief.
They should at least release the information they got about him because once a scammer always a scammer. He's going to play dead for a while and come back with another idea.
If it was an attempted scam they could give him a warning but he got away with the money and got scared later.
Binance win another battle against wine swap scammer that steal over 300k worth of cryptocurrency in October, check the link down below for full news. All affected personal will be refund soon
https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
It is the responsibility of the exchange to safeguard the user's assets. We should appreciate this kind of exchange, because they want to be responsible for what happens to their exchange.
Binance win another battle against wine swap scammer that steal over 300k worth of cryptocurrency in October, check the link down below for full news. All affected personal will be refund soon
https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
Binance has been my number 1 centralized exchange, It would have been better if they are decentralized just like Uniswap. The volume is amazing , listed token are well audited, the security is a top notch and very responsive customer care.https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
They always assure that investors and traders funds are save, its not advisable to keep your funds on centralized exchanges but I really don't have this fear of keeping my fund on binance. If the total amount of funds under binance get hack, I believe cryptocurrency entirely will collapsed
Really well done by Binance! What else is needed by any exchange? This must be followed by all exchanges. The action shows seriousness towards its community and of course will increase the confidence among users.
This is the reason Binance is number one in the world.
This is the reason Binance is number one in the world.
Damn. These guys are beasts. This team deserve applause from me. They have worked so hard to support traders and improve the exchange day by day. This is what other projects should follow. They does not exit scam, they are honest and they fight for us as well. Currently, I am a student but I believe one day, I will be able to work for them. Binance is undoubtedly the strongest, safest and biggest exchange up to now. Although it was born quite late but right now, people always think of Binance whenever they want to make a crypto trade
I hope that the news will not create a FOMO. Most of hacking news makes the market surge significantly
I hope that the news will not create a FOMO. Most of hacking news makes the market surge significantly
The article in the opening post proved that Binance exchange has an excellent security team, successfully followed transactions made
by scammers. And managed to return the funds to the address of the victim. Everything the Binance exchange has done makes Binance's
reputation even better, and most importantly Binance is indeed a trusted exchange to use.
by scammers. And managed to return the funds to the address of the victim. Everything the Binance exchange has done makes Binance's
reputation even better, and most importantly Binance is indeed a trusted exchange to use.
This is very good news for investors in the crypto market, there is finally an exchange that handles scam projects.
Binance is proving to be a reputable exchange and at the moment it deserves to be the number one exchange in the market.
Binance is proving to be a reputable exchange and at the moment it deserves to be the number one exchange in the market.
This effort will give a good valuation for binance exchange. Crypto currency has a lot of user now, even there are many forex trader who try to trade using crypto currency especially bitcoin. And surely, the role of an exchange will be very important and of course the investor will choose an exchange with good reputation.
I see binance exchange is popular to be used by most user now. They have many way to provide a comfortable for every user who trade and also they give many opportunities for new project. This thing will make binance exchange being used by most people and will have a good influence on the crypto industry in the future.
I see binance exchange is popular to be used by most user now. They have many way to provide a comfortable for every user who trade and also they give many opportunities for new project. This thing will make binance exchange being used by most people and will have a good influence on the crypto industry in the future.
Binance win another battle against wine swap scammer that steal over 300k worth of cryptocurrency in October, check the link down below for full news. All affected personal will be refund soon
https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
Binance has done extremely well and always supported its members, I still remember the time when binance was new and it has literally never seen backwards, each and everyday binance has moved forward and that is why it is the number one platform. With constant support of trusted platforms like binance the time is not far when we will see real mass adoption of cryptocurrencies glibally. https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
yes, Binance has done a great job and of course I also expect more to the Binance platform especially not to easily accept Defi coins on the platform or remove some bad Defi projects that have been listed there. I personally have no doubts about this platform, on the one hand CZ is doing well to continue growing the Binance company.
Binance win another battle against wine swap scammer that steal over 300k worth of cryptocurrency in October, check the link down below for full news. All affected personal will be refund soon
https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
They will do the best to provide great comfort and safety for all users, that's why Binance becomes the largest, safest, best and trusted exchange. Congrats to binance for that case. I just hope in the future many exchanges will follow the Binance path https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
It’s unsurprisingly, as Binance has established a good reputation because they are hands-on in handling various issues that may affect their users and customers. They maintain a high-standing review because they offer good and secure services. Among other exchanges, Binance has stood, as they keep on fulfilling and following their core objectives. It shows how they consist of a great team that never stops until they have successfully executed their plan on getting back what they have lost.
Binance win another battle against wine swap scammer that steal over 300k worth of cryptocurrency in October, check the link down below for full news. All affected personal will be refund soon
https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
Living up to the expectations of the traders is what has made binance the number one platform.https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
From Binance CEO tweets i think they are also now working to come with decentralized platforms, something like uniswap i guess. That would be great because obviously they will offer better and more features in their platform than currently available.
Binance win another battle against wine swap scammer that steal over 300k worth of cryptocurrency in October, check the link down below for full news. All affected personal will be refund soon
https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
I hope they will continue to prove that they are the best in every aspect of the business and never let their investors or traders down like some other platforns have done and dumped their own projects. https://www.coindesk.com/binance-recovers-344k-from-defi-exit-scam-that-launched-on-its-platform
Binance and binance teams are one of a kind to crypto space honestly, I wish them more success
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