Bitcoin Forum

This is bad news for all crypto's investor, hackers moving now to penetrate all cryptocurrency. But hackers in binance they failed, tell to everyone about these offer to prevent any attempt in the future.

Binance offers $10 million in cryptocurrency to nab hackers
https://www.msn.com/en-ph/news/technology/binance-offers-dollar10-million-in-cryptocurrency-to-nab-hackers/ar-BBK8j2r?ocid=spartanntp

It's very dangerous if it happens and security needs to be improved, and maybe by paying $ 10 million it's also a pretty good way.

Offering a good reward for revealing hackers is a great stimulus. But making a reserve fund even more fantastic idea to prevent hacks in the future.

I think binances work has been really good of late. It's definitely filled me with allot more confidence that the space can one day have good authoritative figures dealing with these hacks efficiently

Binance is really leading the entire industry in showing exchanges what they should be doing, from listing coins to dealing with hacks. They've been the most professional of any exchange that I've seen, being straightforward with their customers when they did face hacking and addressing it immediately (when the standard is covering it up, then taking money from customers later on to cover it up) I'm really more then glad to have someone like them leading the charge in the exchanges, they're going to make us look amazing.

I hope these hackers get caught too, they fucked a good amount of people pretty hard.

nice Bounty ... I guess some black-hats will rise their eyebrows  ;D ... I wonder how the communication will flow ... ::)

 

is very apprehensive with the rise of hackers, strongly agree if this is not just a personal work but a joint cooperation to break the chain of hackers so as not to shoot anywhere that may also be experienced by ourselves.
hopefully this can be resolved as well as possible and not spread.

if you don't lock your house door and leave it wide open when you go out and a thief comes into your home and cleans up your apartment, does that mean the human race is at risk of extinction?

first of all there is a good chance that binance thing is a public shenanigan they are pulling and nothing more, there may not have been a hack in first place. and secondly if there were a hack, that just means Binance had a flaw in their system, it has nothing to do with "penetrating cryptocurrencies"!!!

This whole Binance Hacking was not due to any security flaws in their system. It was basically done stealing users credentials using clone sites of Binance which are very very similar to the original one. THe hackers bought VIA coin at a low price and pumped it using the credentials of other users and sold their own coins at the higher price. This was a well executed and planned attack! 

Many a times its up-to the user to take precautionary measures to prevent themselves from such things happening by enabling 2FA, not installing cracked shit with keyloggers and also making sure you have landed on the original site and not just clicked a link from somewhere.

Raising a bounty will definitely help in catching the Hackers but this will not make sure of this not happening again in the future.

wow, that's a big game. Two weeks ago, many accounts were hacked. Hackers are not able to get their entire amount, it can only issue trades and traders have lost all of their assets because hackers have used their money to buy coin trash. . They have hacked the API key and this has made Binance's reputation go down. They are very actively finding out who has hacked their site.

The hacker attacks Binance to get a huge amount!

It is difficult for the average person to understand the hacker's news. The hacker's attack caused many people to fear!

It's just a pr stunt for Binance!

Binance is really putting pressure on the hackers now. The ball is now on their side and sooner or later someone closed will make a U-turn and reveal the hacker/s. lol.

It will be nice to see that one day. This is kind of a precedence and they are really doing anything on their power and control to stop all of this. However, I would suggest that instead of offering $10m, why don't they just offered it to white ethical hackers and see it they can penetrate the system.

Binance had really come of age in as a hack-free trading exchange, I hope they spend more funds in securing their site against external forces, They should ensure that funds are channelled towards employment of IT cyber security experts in securing their exchanges.

It is probably the best alt-coin exchange that there is in terms of consistency and variety and their reaction on hack attempt shows their strength and professionalism.

then it is good. binance is showing how much secured it is ?. this is good only like this crypto wallets and exchangers get more secured means all investors are happy to invest in crypo coins.
anyways thanks for this news.