Binance CEO Changpeng Zhao: ‘All Funds Are Safe’

[coinpediaJordan]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

[shulio]

It is good for the latest Binance API hack victims. This will help to ease the pain of the market.

[martychubbs]

It is good for the latest Binance API hack victims. This will help to ease the pain of the market.

One strange things , that i never saw people which was hacked by api . Where is them all ? Which software api was hacked ? What name of bot ?
A lot of strange things about this.

[gentlemand]

Very interesting to read about the ins and outs of this hack. It looks like it was a long time in planning.

You'd have to have sizeable balls to be confident running an exchange in this day and age. They are the biggest and fattest target imaginable and all it takes is one tiny hole in your operation and someone'll let rip.

[DBronze98]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

This is good news from Binance after what happened yesterday when their security holes appeared. Many trader accounts have been hacking, and all of their altcoins are sell, but fortunately, it has not withdrawn. Good information from CEO Binance helps investors stay calm and continue to use it.

[yhoga45]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

This is good news from Binance after what happened yesterday when their security holes appeared. Many trader accounts have been hacking, and all of their altcoins are sell, but fortunately, it has not withdrawn. Good information from CEO Binance helps investors stay calm and continue to use it.

I haven't read the news, I'm happy to hear that so that was a lesson for the other markets that Hacker always trying to break the system. I hope they will be extra working to keep their security. And hope Binance true about this news then the market will recover again.

[TryNinja]

It is good for the latest Binance API hack victims. This will help to ease the pain of the market.

One strange things , that i never saw people which was hacked by api . Where is them all ? Which software api was hacked ? What name of bot ?
A lot of strange things about this.

That was explained in Binance's blog post[1]. Basically they said that the hackers got the credentials and enabled the API from a lot of users who has fallen for phising versions of the website. There was no hacked bot.

[1] https://support.binance.com/hc/en-us/articles/360001547431

[liuqi]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.

[sunder54]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.

So it's actually normal condition? Why? I read a lot of peoples predict the market will recover and now the market crash again.

[krauzzer02]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.

One of the possible reason why bitcoin and most of the altcoins are falling because of the Mt.Gox trustee if I'm not mistaken for this selling schemes, panic selling from their trustee and I heard that they are selling a bunch of bitcoins to pay all their debts from the hacking incident, other possible reasons is because of the fud's spreading from the binance stealing incident and exchanges regulations, good thing binance actions are fast to freeze the accounts of the hackers, kudos with the team behind them.

[creeps]

It is good for the latest Binance API hack victims. This will help to ease the pain of the market.

Good to here that one of the biggest crypto exchange are working hard to secure all the funds of investors though we all know its really not safe to put your money in any exchange but this action might encourage everyone to just trust exchanges.

[asdnguyenthanhtin]

everthing is just a game of sharks. Sharks created rumors to dump bitcoin price. CHangoeng Zhao also is big shark.

[eaLiTy]

Very interesting to read about the ins and outs of this hack. It looks like it was a long time in planning.

You'd have to have sizeable balls to be confident running an exchange in this day and age. They are the biggest and fattest target imaginable and all it takes is one tiny hole in your operation and someone'll let rip.

To run an exchange you need to spend money and effort to safe guard the assets,it is easy to start a crypto currency exchange but to maintain it with utmost security you need to spend money and assign the people needed to safe guard the operations,the stock exchanges are employing high standards and you need to have that kind of security measures for cryptocurrency exchanges too.

[liuqi]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.

So it's actually normal condition? Why? I read a lot of peoples predict the market will recover and now the market crash again.

Mt Gox sold the 400 million this is the main reason for dump. It will again recover you should wait two more days.

[GREATLOVE]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

I think because of this the binance now are more strict when it comes on their site and I think even sign up or log in they will become more strict. Well sorry to those hacked victims.

[jambul_kribo]

i think this is good news for binance member especially and generally for cyrptocurrency trader.i could take back market confidents ,so much trader could invest again their money into crypto markets.

[iqlimasyadiqa]

Very interesting to read about the ins and outs of this hack. It looks like it was a long time in planning.

You'd have to have sizeable balls to be confident running an exchange in this day and age. They are the biggest and fattest target imaginable and all it takes is one tiny hole in your operation and someone'll let rip.

To run an exchange you need to spend money and effort to safe guard the assets,it is easy to start a crypto currency exchange but to maintain it with utmost security you need to spend money and assign the people needed to safe guard the operations,the stock exchanges are employing high standards and you need to have that kind of security measures for cryptocurrency exchanges too.

An exchanges does have a good security standard, but every day technology is on the rise. The Exchange must also keep updating all of its security systems at all times, as hackers will always evolve rapidly. Do not let the security system manipulated by hackers because it can make the state of the economic system becomes uncontrolled, including the system of digital currency that could have been made destroyed by the hacking incident of an exchange.

The selection of exchange is the most important thing to be able to secure the investment, I am not a promotion but I want to say that Bittrex is one of the exchange that has a good level of trust and you should include Bittrex into the list in trading.

Believe that when we can maintain a stable condition then the development of digital currency will continue to increase.

[eternalgloom]

I wish people would stop calling this a 'hack', because it clearly wasn't, Binance users were victims of phishing.
Even in this article they're still calling it a hack, while also mentioning it was a phishing attack. Those two things are not the same 

[Idrisu]

Coming across this news for the first time and hope people money and coins are save? I think the irregular transaction is what is making this high price dump. I will advice we should be able to get more security especially the big exchange platform. Bitcoin and other crypto currencies are here to stay and we should give the exchange support needed.

[adrov]

The cryptocurrency exchange, Binance CEO Changpeng Zhao announced the irregular trades have been determined and will be reversed.
Read more here: Binance CEO Changpeng

I heard this news in 36 hours ago but current fluctuation is not depends on the Binance hacking problem. Today bulk of Bitcoin is selling suddenly it is affected in total crypto market so this price fluctuation is continued in one or two days because bulk of coins are out from the one place but once it will placed automatically every problem is solved.

So it's actually normal condition? Why? I read a lot of peoples predict the market will recover and now the market crash again.

Mt Gox sold the 400 million this is the main reason for dump. It will again recover you should wait two more days.

I wonder how is that not against any fu*king law... How does those scammers still have all this money, I would assume by now they got sued down to every last penny...