Binance freezes stolen Cryptopia funds

[dimastegar]

it is a Very good move by Binance. A really good work to at least reduce loss when there is an exchanger hack that can happen at any time.

[bitcoinsc]

It's a good move on binance. But if u think real hard it's kind of a centralize system again. While decentralized u can freely do what u want. But if this is security at the next level I'm with it.

[adrianto1995]

Wut, really ??
Never realize that Binance can freeze user funds. But, I personally don't think sure these damn hackers really want to move their stolen funds to another bigger exchange like Binance, it's probably easy to track. Hackers not stupid, I'm sure they have a plan to enjoy their stolen funds from cryptopia...

[pooya87]

Wut, really ??
Never realize that Binance can freeze user funds. ~

why are you surprised?!!! that is how a centralized platform works after all! you give them your coins and they gain the full control over your money and can decide whether to give it back to your or not. that is why people keep saying don't leave your coins on exchanges and silly things like "proof of keys" exists in the social media.

[ilbahja]

This is a good and clever move from Binance, that's not surprising, a good legit exchange platform must do something similar.

this hackers can't be so stupid, may be a way to get more birds with one stone.

but Binance must take into consideration that not every owners of these receiving addresses can be in relation with this hackers.

[Gibreil]

So binance can freeze your account? hmm.. okay then back to the subject, how come they send the funds straight to binance not considering that they can be traced? Considering the fact that they HACKED an exchange. They must have known that.

Do I have misunderstanding in this news? Why they will freeze accounts? If there could be an attack to their exchange, they could make any wall to interrupt some interceptions of hackers. They must have a strong internal system just to protect their costumers and investors from hacks. Binance is famous exchange and they must show to the people that they are trusted exchange.

[Malam90]

This hacker may be is a nonsense. He has hacked and stolen funds from Cryptopia to Binance. There are a lot of ways to exchange funds but all actions has an end. Thanks social media for reporting quickly. Binance team has frozen  that hackers funds. Its a good achievement from Binance team.

[coinnumber]

Cryptopia hacker moves stolen crypto to Binance; Community alerts Changpeng Zhao (Binance CEO) and Funds Are Frozen.

"Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high risk maneuver for them."
— CZ Binance (@cz_binance) January 16, 2019

This is indeed a great news and big development in the cryptospace may exchanges has been hacked and they all succeeded I believed if what Binance just started continue with other exchanges the image of bitcoin and blockchain will be highly protected as this will reduce the rate of scam and give the news investors to take part without much fear of been scam.