Of course, it will be, not like it crashed with this hack, they are much bigger than just one hack attempt and they can survive this without any hurt at all. Look at the bitcoin price for example, it hasn't slowed down and it has responded the hack by going up. This means something as small as 7 thousand bitcoins or more like 40-45 million dollars could be profited again by binance only if they continue to operate. They know that if they fail to recover from this hacking then they will be in the history books but if they recover from it they will be stronger than before as the exchange that got hacked but still continued like nothing happened.
40-45 million dollars is nothing compared to what binance is making per month, they need to recover because that would be the only way to recoup what was lost.
Topic: Will Binance increase again? (Read 807 times)
as we know, since Binance exchange was hacked, then Binance coin prices dropped every day and will this continue? whereas Binance Coin prices began to increase before Binance exchange was hacked, because Binance had made a new project, that is Binance DEX and Binance Chain, so in your opinion whether the price of Binance Coin will increase again and can restore the trust of investors to invest and use Binance project again?
Binance still biggest cryptocurrency exchanger right now and i am believe binance will growing more bigger. Their problem with hackers not affecting investor trust because binance recover all investor funds. Beside that, compare with their profits, i think its not problem with yesterday hacking
as we know, since Binance exchange was hacked, then Binance coin prices dropped every day and will this continue? whereas Binance Coin prices began to increase before Binance exchange was hacked, because Binance had made a new project, that is Binance DEX and Binance Chain, so in your opinion whether the price of Binance Coin will increase again and can restore the trust of investors to invest and use Binance project again?
A lot has been said about this Binance hack of a thing that happened. Some people has been saying this is nit true (long story), and some has claimed that there is going to be an increase for litecoin as Binance dropped. This is the sixth largest hacks in crypto history and that's about $46 million. They have said lost bitcoins will be recouped in 47 days. No one really knows what next is going to happen to one of the biggest exchanges in the crypto world (Binance) most exchanges that faced situations like this usually goes down, unless maybe theirs is going to be different. It's less when compared to Gox that collapsed in 2014 after getting hacked and losing up to $460 million.
Binance, exchange is currently still maintaining the trust of investors and in my opinion there will still be potential for a higher binary increase. the volume of exchange trading itself is currently also huge ,the most important thing is that binance maintains investor confidence
as we know, since Binance exchange was hacked, then Binance coin prices dropped every day and will this continue? whereas Binance Coin prices began to increase before Binance exchange was hacked, because Binance had made a new project, that is Binance DEX and Binance Chain, so in your opinion whether the price of Binance Coin will increase again and can restore the trust of investors to invest and use Binance project again?
Of course, the cost of BNB will be restored in the near future, although the exchange suffered losses after a hacker attack, but this amount is not critical for them.
They are already fixing the issues and will be over very soon. No exchange is safe that’s why it’s best to keep your coins in your wallet and watch over it. Binance is more than an exchange so I don’t see why it won’t increase.
The BNB coin is like every other cryptocurrency, it obeys the market forces and it isn't uncommon to see it going through the up and down movement like every other token/coin. The fact that, it is tied to Binance and has a real use case, I don't see it staying down for too long. It will rise again sooner than later.
Its very unfortunate that we see another exchanges being hacked, but Binance is a big exchanges I am sure it will be able to attract back customer's trust and for the coin it will bounce back, usually something like this cpuld make people become afraid that the coin will lose value and do panic selling, so give the coin some time to recover
For this exchange, a stolen amount of Bitcoins will not do any harm or damage its reputation. This is the coolest marketplace. The most important thing is that traders ' money is not affected. Of course the coin exchange will grow and now I think to buy myself.
yeah the credibility will get increased if they solve this issue as soon as possible. and the trust of the Trader will get increased as well by #SAFU, Binance only have a week to Maintance the system and security and reactivated withdrawal and deposit. if they can't afford it in a week, then the credibility and the trust will decreased.
I think 7000 BTC only accounts for 2% of Binance's total assets and we don't need to worry too much because Binance will come back soon. Binance will have many policies to support all their customers and people will still have great faith when participating in this exchange. Anyway this is a huge lesson that Binance needs to avoid and security enhancement is needed in this market
yeah the credibility will get increased if they solve this issue as soon as possible. and the trust of the Trader will get increased as well by #SAFU, Binance only have a week to Maintance the system and security and reactivated withdrawal and deposit. if they can't afford it in a week, then the credibility and the trust will decreased.
The biggest problem in predicting the future prices of BNB is that it is still not clear how much losses were incurred by the exchange during the latest hack. The promoters are saying that it amounts to around BTC7,000, but there is no confirmation from the law enforcement authorities. As seen from the similar incidents in the past, these exchanges have a habit of under-estimating the losses. Another issue is the robbery of KYC documents belonging to the Binance users. In case these documents end up at the wrong place, then there will be a lot of trouble.
Let's now take the best case scenario and assume that only 7K coins were lost during the hack. And let's assume that the investigators will be able to recover most of this amount. In such a scenario, BNB is one of the best options out there to make an investment. But is it a risk worth taking?
Let's now take the best case scenario and assume that only 7K coins were lost during the hack. And let's assume that the investigators will be able to recover most of this amount. In such a scenario, BNB is one of the best options out there to make an investment. But is it a risk worth taking?
i think binance will quickly revive, we all know this is not the first time that binance got hijacked, but it still being a top 10 exchanger right.
It will for sure. I just checked the price of binance coin and the result is it's increasing, especially with the bullish market right now. I'm sure it can increase more in the future. With the good condition in crypto market, maybe we can see binance coin to reach $25-$30, i hope.
i think binance will quickly revive, we all know this is not the first time that binance got hijacked, but it still being a top 10 exchanger right.
I’m sure it will be just a couple of days and the price of the BNB token will rise upwards again. The news about the theft from Binance practically did not affect the cryptocurrency trends. The amount of stolen funds is small for an exchange such as Binance and will not affect the bidding. Moreover, the amount of the stolen funds has already been covered by a specially designated SAFU fund.
Of a truth yes, Binance will rise again. The truth is, Binance has gotten to the level that allowing it's reputation to be tarnished is far fetched. Everything in this world in some stages passes through challenges which strengthen and make it stronger. Binance will come out stronger, wait for it.
It is possible that something will really happen that can increase the reputation of this exchange, especially after it has been hacked. You understand that today this exchange will not be popular, because its security has already been breached.
It's not, why binance still has its daily trade volume? When they are feeling worry about that and they must already taken all of their funds or at least stop to trade on the binance exchange site. The fact that binance still popular and none getting lose caused by it was using its reserved funds to cover.
Of course it will, all that is needed is time and patience allow the platform improve and secure services. Binance is not an exchange that will back out from challenges, rather they will solve all issues and continue with their aims and objectives.
After hacked Binance token price will not pump as last two months did. No need hacked news Binance already pumped, so now time for bear.
if it has been pumped and dropped again then the possibility of increasing again is difficult and requires a process.it is not easy to go back as when it was awakened and not only Binance, another coin if he has risen high and then falls so that to increase again requires a long process, because it is not easy to be in that position.
There is no doubt about that, Binance will surely rise back, this could also happen else where, in businesses there are times when you run into losses unexpectedly. The Binance platform has built a lot of confidence in the hearts of those using it. With the confidence created Binance ExChange will Become Fine very soon.
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