Binance: Hacked or not?

[chocopapaya]

I would really take McAffee's words with a huge grain of salt.

But yeah, no hack.  This is where the magic of blockchain tech really shines.
It is an open source ledger so anyone can view the blockchain to make sure things are fine.

A logical explanation for this shutdown, is that there was a spike in trading activity that the servers could not handle.
I imagine it had to do with the small mini pump in prices we saw yesterday along with them listing 3 new coins in two days.

For me, I think it is fantastic that they shut it down to fix the problem and communicated with the community.

Other exchanges that have been having problems dealing with volume lately do no such thing *cough cough poloniex *cough cough hitbtc
They just let deposits and withdrawals hang in limbo, incorrect sell/buy orders be displayed, and server lag.
You need to realize that it is actually binance that is losing the most money by shutting down, and them doing so to fix a problem gains confidence.

[trumper]

Sell all coins just because it is hacked  It is not hacked, even they are hacked, they probably lose very little amount of coins as they probably diversified the risk.

[GrannyC]

As I am writing these lines, I just connected to Binance and seem perfectly healthy... and still charging huge fees BTW. Just keep on FUDing, the exchange is there.

[Thadeous]

I would really take McAffee's words with a huge grain of salt.

But yeah, no hack.  This is where the magic of blockchain tech really shines.
It is an open source ledger so anyone can view the blockchain to make sure things are fine.

A logical explanation for this shutdown, is that there was a spike in trading activity that the servers could not handle.
I imagine it had to do with the small mini pump in prices we saw yesterday along with them listing 3 new coins in two days.

For me, I think it is fantastic that they shut it down to fix the problem and communicated with the community.

Other exchanges that have been having problems dealing with volume lately do no such thing *cough cough poloniex *cough cough hitbtc
They just let deposits and withdrawals hang in limbo, incorrect sell/buy orders be displayed, and server lag.
You need to realize that it is actually binance that is losing the most money by shutting down, and them doing so to fix a problem gains confidence.

Let me share my version of what happened. Binance widely uses trading bots, which, for example, makes completely impossible to trade on spreads there. But even the best bot algorithm can't anticipate all cases, and my guess is that someone found Binance bots vulnerability.
Now Binance developers probably patching their bots.

[Ging]

yeah the have postponed the ten hours delay to twelve i really dont know what have happened the main thing we should do is to stay calm and not spread bad news that will effect the market i am sure the management of the site will overcome the problem whatever it size is.

[99th]

The headshot gif was pretty amusing. The reply from Binance was a pretty clear slap to the face of John Mcafee too.

He probably should keep his mouth shut in cases like this.


He is a large influence that is straight up ASSUMING things that could cause a small market crash lol

[natasha-lev]

Sad...  Again FUD. Soon I will become FUD resistant and keep all my crypto even I will be not in loss,  but rather in negative position (owing money to somebody) :-). This Maccafy guy likes to be in the centre of crypto universe by spreading rumours. Be careful. I know that Binance wasn't hacked. Hope that soon we will have recovery.

[integrap]

MAcafee is right about saying "Planned outages are usually announced to a company's user base well in advance." I dont understand why didnt they warn users before? Because of that people panic. I hope binance will be on soon.

[Stradivarioos]

No, they did not. By the way, I like that Binans has chosen a fairly good time for upgrading and other work. I mean - for many who keep the coins and now in a panic do not know what to do with them and want to sell. Binance, so to speak, restrains them from stupid steps.

[JavaLove]

The screenshot says the exchange will be ready in less than 12 hours. But John Mcafee insists the exchange is hacked. https://twitter.com/officialmcafee/status/961662107786899456


https://twitter.com/binance_2017/status/961644926520840192

I think they was down due unplanned maintenance.. but we will understand very soon. If withdraws continue to be fast and flawless, then everything is OK. If they were hacked.. this will hit the whole market, because Binance is currently the best exchange.

[arkaasay]

I think No, that's a lie. Binance has posted on twitter and reddit about their upkeep and upgrades and believe me things like that take time.

[BluePoppy]

If Binance is hacked too i feel like there is no safe exchange in the world LOL

[TheAlchemist]

Well, that turned out to be gossip and the exchange Binance was not attacked by hackers. In any case, thanks for the information. You never know what turns out to be not true, but what will be a sensation. Sometimes it is better to wait and not to visit the exchange, than to lose all your investments.

[September11Myth]

This is a very critical moment, not only for people who is holding funds at Binance, but for all the cryptoworld, since a hack of Binance in such a delicate moment would sent Bitcoin's price to hell.

[balrog]

Everytime you read "Mcafee said blablabla" this should cause doubt in your mind . Binance is very secure exchange , of course it doen't mean that it couldn't be hacked , but they wouldn't hide such information under the guise of tech works

[bengalo]

If Binance is hacked too i feel like there is no safe exchange in the world LOL

thats probably what a lot of people said about mtgox before it went down =)

[bitkanu]

The screenshot says the exchange will be ready in less than 12 hours. But John Mcafee insists the exchange is hacked. https://twitter.com/officialmcafee/status/961662107786899456


https://twitter.com/binance_2017/status/961644926520840192

I think they was down due unplanned maintenance.. but we will understand very soon. If withdraws continue to be fast and flawless, then everything is OK. If they were hacked.. this will hit the whole market, because Binance is currently the best exchange.

People are just speculating too much and too worrying about the hacking event of an exchange, maybe they just got traumatised by Mt.Gox while I'm here, even if the exchange is hacked it won't harm me because I always saving my assets in my own cold storage or paper wallet.
However, if this exchange turns out to be "really" hacked and getting closed down, there will always appear a new exchange just as you see, so many exchanges trying to compete with these.

[shinratensei_]

The screenshot says the exchange will be ready in less than 12 hours. But John Mcafee insists the exchange is hacked. https://twitter.com/officialmcafee/status/961662107786899456


https://twitter.com/binance_2017/status/961644926520840192

I think they was down due unplanned maintenance.. but we will understand very soon. If withdraws continue to be fast and flawless, then everything is OK. If they were hacked.. this will hit the whole market, because Binance is currently the best exchange.

That sucks but it looks mcafee's twitter gets another hacked again lol
rather than mcafee and i was believing in binance update. Binance has so many users on the platform and it may become real concern right now.

[Mark-Krawed]

Please don't just believe by reading other sources news information. It's better to check the official site directly to avoid miss understanding. That fake news also worried me earlier  

[Skroojee]

Of course not. Binance simply carries out the modernization of the system that will last some time. Do not panic.