How can you not know what Bitcoin is since you joined the forum in 2018 and have many posts and a few merits.
I know what bitcoin is, how blockchain works, but I never heard the term Re-org, Roll back and Re-roll I read them in a article today on the Binance stuff, I guess the CEO wanted to do that? What is that?
I been here since 2010-11 ish. Just a new account. Lost the keys to my old car.
Trying to find on their blog
https://www.binance.com/en/blog but i cant find on what you are saying.Can you provide the link? I dont even have the idea about that re-org etc.
Sure.
Is that re-org = reorganize? the only thing that comes up to my mind is they would reorganize their system and as they have stated those hackers revealed the weak spots of their platform. I don't know if the hacking event that occurs is true or just staged for more publicity over the crypto space but there is one thing I remember, whenever there is a malicious movement of funds on the Binance trading platform they would immediately stop any kinds of transactions and withdrawals are stopped but these hackers have successfully penetrated their system without them noticing the mysterious movement of funds and that's a big question for me.
don't waste your time with what Binance is saying these days. they were careless, they got hacked, lost millions of dollars worth of bitcoin and it is over. there is no UNDO button in bitcoin and there never will be because bitcoin is decentralized and immutable with irreversible transactions and nobody will ever accept this type of roll-back they are begging for these days like the drowning man they are clinging to anything they can.
That's correct there's nothing they can do to get back the hacked Bitcoin unless they trace those thieves who stole it but it needs time and manpower to trace it, especially if those hackers are really clever.
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