Binance Hacked?! What we can do better to protect our funds?

[Peanutswar]

That's the purpose of the hard wallet that's why most of the people who are in the cryptocurrency are recommending avoiding staking your funds in the different exchanges there are a lot of exchanges and people experience this kind of problem regarding with hacking of exchange but we know how binance giving a lot of security to us, still ideal to provide a hardware wallet such as Trezor or Ledger.

Code:

[1]https://www.ledger.com/
[2]https://trezor.io/

[posi]

This is a hack that happened on the BSC network and it is not related to the Binance exchange, it can be said that the blockchain field is in the development stage so being hacked is not a strange thing and it is not new. As long as they fix it in time and keep growing, we will get better and better.

Although Binance did not experience any losses, storing all assets on a centralized exchange is like holding money in a bank so it is very risky. Whether you are an investor or a day trader, whether you own a lot of crypto assets or a few crypto assets, you should take care of your own property rather than having someone else keep it for you. When entering the crypto world, you must at least have yourself a hardware wallet and that will be your own bank.

[Taskford]

This is a hack that happened on the BSC network and it is not related to the Binance exchange, it can be said that the blockchain field is in the development stage so being hacked is not a strange thing and it is not new. As long as they fix it in time and keep growing, we will get better and better.

Although Binance did not experience any losses, storing all assets on a centralized exchange is like holding money in a bank so it is very risky. Whether you are an investor or a day trader, whether you own a lot of crypto assets or a few crypto assets, you should take care of your own property rather than having someone else keep it for you. When entering the crypto world, you must at least have yourself a hardware wallet and that will be your own bank.

People need to understand that its separate but if they are worried about putting their money on exchange like binance since somehow anything might happen to them since hacking issues exist and they might encounter this issue again is to save up their balances and withdraw frequently once they are done or even withdraw the profits always so that we will not get hurt for huge hacking issue if that one happen to them.

[Darker45]

This is a hack that happened on the BSC network and it is not related to the Binance exchange, it can be said that the blockchain field is in the development stage so being hacked is not a strange thing and it is not new. As long as they fix it in time and keep growing, we will get better and better.

Although Binance did not experience any losses, storing all assets on a centralized exchange is like holding money in a bank so it is very risky. Whether you are an investor or a day trader, whether you own a lot of crypto assets or a few crypto assets, you should take care of your own property rather than having someone else keep it for you. When entering the crypto world, you must at least have yourself a hardware wallet and that will be your own bank.

People need to understand that its separate but if they are worried about putting their money on exchange like binance since somehow anything might happen to them since hacking issues exist and they might encounter this issue again is to save up their balances and withdraw frequently once they are done or even withdraw the profits always so that we will not get hurt for huge hacking issue if that one happen to them.

They are separate but they obviously belong to the same Binance brand. So this might probably tell you a thing or two about Binance's security or how they treat it. While Binance exchange is separate from the Binance chain, both of them got hacked. Not only was the exchange hacked there was also a leak of its users' personal information gathered through its KYC process. And now even the chain is also hacked. So that should probably make users seriously reconsider their trust on this brand. They also have other issues.