Bitcoin Forum

Japan promised to restore order last year. It seems that the words do not differ from the work.

https://www.reuters.com/article/us-crypto-currencies-japan/japan-to-punish-several-cryptocurrency-exchanges-sources-idUSKCN1GJ1AE

Binance started to have security problems. Some hackers with the help of API keys artificially increased the price of Viacoin and cashed out a lot of money. Japan has closed some exchanges, and in fact they are somehow connected with the Binance servers. Be careful!

How are the Japanese exchanges connected with the binance servers? You stated that this is FACT, where is this fact from?

I'm fairly certain that these are two stand alone events that just seemed to coincide..

Binance collected documents to obtain a license to trade in Japan. Therefore, these are related things. If you do not see any threat for yourself and you do not trade in Binance and do not keep your money there, you can not pay attention to these facts.

There are no problem with Binance exchange do you know what really happen is those people who are using bots to trades for them are the ones who are hack with their API keys and sell their holding coins and bought VIA that's in just couple of minutes VIA pump so hard.

I don't think there is a problem related to binance now, to me binance is one of the safest exchanges but still we need to always be careful.

Basically what happened was many Binance traders have been using trading bots (I dunno which type, but that was the hack, I believe).

So the hackers were able to buy and sell their funds by API commands to Binance. Since they can't withdraw anything without email confirmation from the trading accounts they have access to. They could only orchestrate a pump and dump scheme through Viacoin. They set high sell orders with their own accounts and then use the bots to buy up their Viacoin and then cash out BTC.

I am of the opinion that Binance is not guilty here, as hacked trading robot and stole all the keys, it is exclusively the fault of people , think first of all about the safety of their funds . And the news that Binance hacked was designed to drop the market below to purchase

Twitter is full of these kind of tweets.
Some members are mentioning that all of their actions are converted into viacoin which was used to pump it's price up. I don't know if this is true or not but according to them all of the accounts are 2FA enabled and without any kind of APIs created.

Today should be called a day of negativity, fud and panic news, the way market has shown sensitivity to all this fud is not great, market should be mature enough to absorb negative news that is not even 100% true.

never had a problem with binance. I am using api connectios and there is no via transactions in my account.
If someone can proofs this will be good for all of us

That's an official Binance tweet https://twitter.com/cz_binance/status/971454040704872448. So, there are some problems, but they are not so big. Binance wasn't hacked.

If you are talking about pump and dump this happen on most exchanges, Binance don't really need Japan, I don't know of their future plan for the market but with the look of things Binance is one exchange that has done well for them selves in a short period of time

I do not see how Binance have anything to do with this ! you said yourself that it is API problem with one of the trading bots . If this is the case then I do not see why would Binance hold any responsibilities for this . The situation will be totally different if this is not API problem with a certain bot .

all funds are safe. lol . let's see the binance user complaint about their funds or not. if there are nothing complaint about their funds, its mean binance is safe!

This is a trading bot problem and viacoin raised x10 very interesting that they are dumping all alts but pumping via
If they are viacoin supporters this willl not help to viacoin

It's interesting to see how the FUD never comes with just one news at the time, usually are always 2-3 different news/factors in a matter of few hours  ::)

Today's FUD is going to mark the bottom soon for the initial rally off early Feb lows.
It will be over in a day or two at most.

Viacoin+Binance+Japan - Just regular next FUD
Big players want to buy more ;)
Do not panik and everything will be fine

If we could just break out of the $11,500 - $12,000 resistance for Bitcoin, and then most will be bullish again and then buy back their old altcoin holds. This so-called downtrend is just a major correction. The fundamental growth of the markets is very obvious and exploding. The markets will reflect that again soon.

Japan and Binance. It's quite difficult to follow the connection. However, we do not know anything what is happening up there between whales and large investors, exchanges, etc. I think there is minimal information available to the public. And all the main news is available only for the elite. But that yesterday that something happened is a fact. The situation changed dramatically in an hour. More like collusion than coincidence.

I still do not see the relevance, how does them obtaining a license to trade in Japan mean that they are going to be victims of an attempted hack. And how does that in turn mean that regulators are going to shut down unregulated Japanese exchanges? I am really struggling to see the connection.

This situation once again showed how unstable the cryptocurrency market is. The news, about possible hacking of the exchange in a matter of minutes, crashed the entire crypto-currency market. So, you always need to be prepared for such dangerous reversals.

As for VIA, I think that ill-wishers deliberately tried to discredit this coin.

Well it wasn't the Binance hack news that caused the cryptocurrency market to crash but the Bitcoin price going down. As you might know the alts are tied to Bitcoin so Bitcoin going down has the same effect on the alts.