Hurray! Binance did it again - page 2.

mersal

member

Activity: 1204

Merit: 38

Quote from: Greatchu on November 04, 2020, 09:11:06 AM

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 so much influence to do such things but they can save people all the time from a kind of scams who knows even Binance may turns out to be a scam ( highly unlikely) but still anything can happen in the decentralized payment ecosystem.Its good that people will get refund and they should keep doing in this future as well.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Since I work with this exchange Binance, it is very important for me to know that this exchange is fair and my money will be protected. I am happy for those who will be refunded the lost funds due to the work carried out by the specialists of the Binance exchange.

Kopetunto

member

Activity: 630

Merit: 10

Quote from: Greatchu on November 04, 2020, 09:11:06 AM

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 recorded over the years that their exchanges are the safest exchanges,
the Binance team has always provided comfort and safety to members,
I have loved Binance since it was first launched, despite being hit by hackers,
but the team is trying to keep funds safe, I appreciate that that.

thesmallgod

full member

Activity: 1498

Merit: 129

It is part of the benefit of trading on centralized exchange especially those that offer a form of insurance for traders in case of scam and hacks not to talk of petty help such as traders mistakenly sending a token to a wrong address within binance network. Doing this will make them to be more credible and be honest. I wish Binance team all the best kudos

bobyhodob

sr. member

Activity: 1162

Merit: 253

Quote from: Greatchu on November 04, 2020, 09:11:06 AM

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

The existence of this case shows that the Binance exchange is the best exchange and can guarantee the security of the assets in the exchange that are all safe even if they are attacked by hackers and scammers. So I recommend sticking with the Binance exchange as the best exchange ever.

tsaroz

legendary

Activity: 2982

Merit: 1069

There certainly are brainy people on Binance. Unlike previous exchanges, they try to keep their users with building trust and feeling of security around them. No wonder they are a clear leader on crypto market for years now. One of the interesting thing I loved about them is they sent me an email this morning about a blog from them that called Defi to be the future. They clearly know what's coming and are not afraid to accept it.

masterrex

full member

Activity: 1820

Merit: 107

Quote from: Greatchu on November 04, 2020, 09:11:06 AM

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

At first, I feel bad about it, because the crypto exchange that I was used since 2017, has silently infiltrated by scammers and used it as their launchpad, It is clear evidence that in the crypto space you can't trust anyone, even a trusted site like Binance has become a victim. But thanks to the Binance security team for the successful recovery of that stolen funds, it was proven that Binance is really a trusted brand. I hope that it will not happen anymore.

error08

hero member

Activity: 1036

Merit: 514

Quote from: jossiel on November 04, 2020, 09:58:06 AM

Good job for Binance.

They're making it possible to recover those stolen funds by the project scammers. They are grandstanding for this news because it will give them another credit for being a good or might be the best exchange in doing things like this.

Is next the suing of those scam developers?

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

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

Quote from: jossiel on November 04, 2020, 09:58:06 AM

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 court

either 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 🤔

imstillthebest

full member

Activity: 1638

Merit: 122

binance are really trying thier best to protect thier name and they wont allow not a single scratch on it because they already made a big reputation on the trading industry . we think or they think that being hack the most is a bad thing but we realized that it was an additional points to them to make the exchange more trusthworthty, lets expect that this awesome performance done by binance wont fade because after this news there are still new people that are going to switch for binance because they think their funds are insured .

budi691

sr. member

Activity: 1260

Merit: 259

undoubtedly the best Binance exchange right now, their team is responsible for all issues including hacks that have been fixed, I hope this continues to be maintained by the Binance team so that we are safer using the Binance exchange

Atang Sulaeman

full member

Activity: 910

Merit: 101

Very interesting news, the hard work against scammers proves that Binance is very professional,
and there are definitely lots of Binance users who will invest a lot. This makes the name Binance Exchange even better

Balladtony77

member

Activity: 378

Merit: 15

Shame to all other exchanges that aren't doing all they can to retrieve stolen funds from scammers, binance will always be 10 steps forward ahead of other exchanges, this is the only crypto exchange that intentionally want the best for crypto projects and investors combined.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

If there will be more exchange sites platform try to do what binance did and we will have a very secure ecosystem that makes the scammers will not able to withdraw their money from there.

The connection between one to the another exchange site is a must.
I like how binance maintain its platform from the scammers but again binance must be careful when launching a new defi platform. In this case, we have learned that binance needs to do more improvements on its audit for defi platforms.
It looks like the scam defi has fooled binance.

Furryball

member

Activity: 490

Merit: 19

Of course binance is the best exchange in crypto world right now, they tend to make crypto become successful on the long run, IEO is able to gain a strong foundation thanks to binance and few other top exchanges, without them this crypto space will be too unsafe for investors, I wish then all the best

Psynthax

hero member

Activity: 2366

Merit: 504

This is good. Actually if they keep doing thing like this and being all responsible while succesfully recovers the scammed money on top of that they will easily gain more trust. I mean I know I'm stating the obvious but the fact that they did this far and manage to recovers the fund is some serious commitment. Hopefully other platform follow this example and the funds delivered back to the rightful owner.
Though it should also be a serious concern for binance to take some measurement within their Smart Chain.

jossiel

hero member

Activity: 2842

Merit: 625

Good job for Binance.

They're making it possible to recover those stolen funds by the project scammers. They are grandstanding for this news because it will give them another credit for being a good or might be the best exchange in doing things like this.

Is next the suing of those scam developers?

Winscosinally

member

Activity: 490

Merit: 16

This is a job well done, binance team are very capable of anything and I wish many projects will learn from them, they get to this stage because of their hardworking, binance team really have what it takes to help crypto get better and grow it's adoption rate too, I do wish other projects team are just like binance team

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

As expected on Binance, they committed to recover those money and there you go, they are slowly collecting those money and soon will distribute to the real owners.

This is why we have to deal with the top exchanges always because they care on their users and they care to protect their own reputation. This is a big challenge to other exchanges, I hope they can do the same thing. Binance is always my top choice of exchange, I hope that they will be more secured and no more hacking incidents under Binance.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

Well done to Binance team but there are still some grey area in the explanation given. Good that Binance was able to recover the fund but what if they were not, those gullible traders/investors that got rugged must learn their lessons, do not trust any new projects especially those that their identity are not known

Topic: Hurray! Binance did it again - page 2. (Read 432 times)