Binance hack, Self inflicted or it didn't happen at all?

[miller14]

Binance has done this right very easily. people regained their trust. this is the most important. very difficult to win. I need to hear respect for those who press

[tins]

I also just realized why this could happen. as far as I know binance is an exchange that has good security. strange if it can be hacked. and 7000btc but it doesn't affect the price? This isn't strange either. in the past every time there was hacking there was always a dump on the market. so if it matches what OP says. maybe this is just something planned.

The amount hacked according to Binance says that API users use to trade and withdraw. Then the hackers took advantage of that and appropriated the property of many users Binance

[stigmacryptonight]

I am sure they have had people stop storing their money on the exchange and the hack has damaged their air of invulnerability. They would not do that to themselves and I have not seen any explanation of why hacking themselves would serve their interests.

Saving our assets in exchange is not a good idea. Because each exchange is likely to be hacked if there is a gap in the security system. And what I know is why binance is because there is a gap used by hackers. But I know what the details are, if not wrong, 2FA or API that might be used by the hacker.

[pieppiep]

Binance has done this right very easily. people regained their trust. this is the most important. very difficult to win. I need to hear respect for those who press

I think this is because of the influence of coin price movements in a very fast binary exchange that can make many people believe in binance again.

[jademaxsuy]

How come.no big news regarding with the hack? Is it being discretely decided not to tell the public to avoid panic selling from.the community? In this case BINANCE will going to fall a little bit because the community can no longer trust the exchange.

However, in my opinion it seems not really true because binance anyone could give fake news by creating fake accounts and claiming to be the CEO of binanance exchange and then give fake news.

[premiumproductss]

Who knows where is the truth, we will probably never find out the real story what happened to Binance, but never mind, do not use centralized exchanges and you will be okay.  

[zeze18]

That's crazy.
Biggest exchange like binance is hackable by the hackers, the hackers are so smart and evil.
We should be more careful, and not to place all of our portofilio into one wallet

[Dr.Sponge]

Whether its self inflicted or its really hacked or they just make a fake drama, since bitcoin still ok and pumping, then I don't really care about this accussation lol.

[semobo]

Why they have to say that they were hacked if it didn't happen at all,they know if there is a hack it will surely affect their reputation and income so its actually happenen in my opinion.

an effect might occur, but binance is a large exchange, not many will be affected if the assets they hold are safe. maybe some people had panicked hearing the news, but not many people would leave binance.

IMO the hacked amount is $40,000,000 but they said they have enough funds to cover this losses and will replay everything to the traders but its still affected BNB price so they faced real hack.

[CryptoNurse]

Hackers always seem to find a way in. At least Binance was able to recognize and correct the issue and cover the losses. A smaller exchange could not do that.

[Jating]

I guess we can close this one out, it was never proven that it was self inflicted on at least an inside job or just to hype their DEX.

They are already open for withdrawals and deposits and business as usual for Binance. But I'm sure they have heighten their security so that this kind of hacks won't happen on their backyard again. And yes every penny is covered by their SAFU program so this is a non-issue already.

[BitcoinPanther]

I guess we can close this one out, it was never proven that it was self inflicted on at least an inside job or just to hype their DEX.

They are already open for withdrawals and deposits and business as usual for Binance. But I'm sure they have heighten their security so that this kind of hacks won't happen on their backyard again. And yes every penny is covered by their SAFU program so this is a non-issue already.

Yeah I guess time to lock the thread, though during the time when funds where freeze, there is a suspicious movement of BTC out of the Binance wallet but well that is another story, anyway, trading is all good in Binance and all client have their fund.  Self inflicted or not, only the insiders know   Just always remember, never use exchange platform as bank to store your coins and token if you won't trade them.