It is warning for the potential hack events and investors should avoid storing the cryptocurrencies on the online exchanges. The Mtgox case was the invaluable lesson, the Binance can be the second similar case. There is no "safe" in online world, unfortunately.
Binance is one of the biggest out there so they will likely be a target of hackers since the most popular ones attract to most attacks. But they are knowing about this from beforehand so likely they have some countermeasures in place. Of course if it is a insider job and the exchange decides to scam its users then there are people who can be sought after like the owner of Binance but still the ability to get back any amount on liquidation is grim. Because crypto is not regulated like that, in fact is completely unregulated still that all a common user can do.It is say that dont store your coins on exchanges but what about those people who have buy or sell orders that have been at at certain points which are less likely to hit in the next few months?
