CAN BINANCE REALLY BE HACKED? THIS IS UNBELIEVABLE.

[upyem2k]

It was a shock to me wake up to read the news of a HACK into BINANCE which resulted into casting away of a huge sum of bitcoin amounting to 7,000 bitcoin. That is a whopping $45,000,000.
With how much we trust BINANCE in term of cyber security and some other measures put in place, how could that happen without their techs knowing?

My main question now is what exchange do we now trust in term of security when it comes to being safe with our tokens?

https://stocksgazette.com/2018/07/03/binance-potentially-hacked-for-45-million-announces-unplanned-maintenance/

[magpie_lover]

Don't jump to conclusions yet, the article heading says "Binance Potentially Hacked". Potentially - right? So, we don't know anything. It could well be abuse of the account API keys or issue with some third-party bot trading software. Lets wait and see!

[o_e_l_e_o]

It wasn't hacked. Some users had their API keys phished, which is entirely their fault and nothing to do with Binance. As usual, Binance's response was swift and professional, and your funds are not at risk.

[oluwatuyideborah]

The answer to your question is very simple, trust no exchange with your tokens, always keep your tokens in a wallet you alone have the private keys to, hackers are getting smarter on daily basis, send tokens to an exchange when you want to sell and withdraw immediately. Stay safe

[mrphilippine]

This is sad but we token holders are vulnerable to hacking. Better avoid fishy sites that requesting you offers that can lead throwing your information. Investors now are losing of trust because of this security issue and somehow hackers are getting better and better every single day.

[Bitico777]

Please, let's wait for the answer from binance. We should not spread the negative, I think that all the problems will be solved.

[Enochian]

The answer to your question is very simple, trust no exchange with your tokens, always keep your tokens in a wallet you alone have the private keys to, hackers are getting smarter on daily basis, send tokens to an exchange when you want to sell and withdraw immediately. Stay safe

What should I do if coin don't have wallet yet? Do not buy such? Or what? Such cases as today's Binance need for manipulations and fud creation. I make some trade on the Binance but with API hack or phishing I don't know it become very unsafe and sad

[crampus]

This is the best exchange, in my opinion. But maybe it was specially done, and there was not any hacker attack.

[isaevArb]

Another "great" news that make people think that crypto is full of fraud, scam, and hackers, when this "hack" may be the fault of users themselves Mass media do whatever they want to destabilize the situation on the market

[JanitorMan]

I don't think Binance has been hacked, they also don't have any announcement of hacking on their exchange. However, in my own opinion, every exchange has potentially to be getting hacked no matter what, we need to always be aware and take the risks. Always remember, "don't put all of your eggs in one basket".

[rami.alkhakimi]

As far as I know, the Syscoin blockchain was hacked, so Binance had nothing to do with it, if it really was.

[iAMawi123]

Binance should cooperate with Hydrogen project. They can really help the website's security and also the user's security! If you guys are curious about the Hydrogen platform, then this is their website, https://www.hydrogenplatform.com/ check it out!

[pey]

Binance was not hacked but every centralized exchanges can be hacked, besides that most things are hackable you can just decrease the possibility of that by taking some measures but not say it is fully safe.

[Cryptoguru274]

It was a shock to me wake up to read the news of a HACK into BINANCE which resulted into casting away of a huge sum of bitcoin amounting to 7,000 bitcoin. That is a whopping $45,000,000.
With how much we trust BINANCE in term of cyber security and some other measures put in place, how could that happen without their techs knowing?

My main question now is what exchange do we now trust in term of security when it comes to being safe with our tokens?

https://stocksgazette.com/2018/07/03/binance-potentially-hacked-for-45-million-announces-unplanned-maintenance/

I think in every online business there is always a likelihood of system vulnerability, that was the case of Binance which had an API keys attack on Syscoin (SYS. Most times it can a little carelessness on the part of the developers, however there quick intervention is part of the business. This should not create panic on the crypto ecosystem.  Presently there is system maintenance going on now.

[cabin]

I don't think Binance has been hacked, they also don't have any announcement of hacking on their exchange. However, in my own opinion, every exchange has potentially to be getting hacked no matter what, we need to always be aware and take the risks. Always remember, "don't put all of your eggs in one basket".

I agree with you but I still do not think binance is hacked, because they are very good security for token and are also reliable but to avoid your account being hacked, I think you should try to keep your private key very safe and avoid clicking on all phising sites sent to you because hackers are very intelligent and they use this medium to get information from people.

[WOLFinTheStreet]

With the rise in popularity of crypto currency, concern of the cyber security of crypto currency has increased. The reports of hacking of exchange sites and users facing phishing site has increased significantly. It is wise for users to hold their tokens in wallet rather than in an exchange site, also t9 be careful before going to any links, as they can be phishing sites.

[Melnikof]

It was a shock to me wake up to read the news of a HACK into BINANCE which resulted into casting away of a huge sum of bitcoin amounting to 7,000 bitcoin. That is a whopping $45,000,000.
With how much we trust BINANCE in term of cyber security and some other measures put in place, how could that happen without their techs knowing?

My main question now is what exchange do we now trust in term of security when it comes to being safe with our tokens?

https://stocksgazette.com/2018/07/03/binance-potentially-hacked-for-45-million-announces-unplanned-maintenance/

Everybody knows there're no completely secure ways of the cryptocurrency storage. Those burglars in American action films, who are managed to rob the most secure bank are true to life cause it's possible to hack anything! At the time, even Pentagon servers were hacked! So you'd better hold your coins, divided into small parts, on various resources.

[isen]

I think that the hack of the exchange is just a technical issue. All that is necessary for hackers is to be technically equipped better than the defense systems of the exchange.

[makishart]

I think that the hack of the exchange is just a technical issue. All that is necessary for hackers is to be technically equipped better than the defense systems of the exchange.

There was an technical issue with syscoin API has been exploited by the scammer. In fact that the scammer able to sell syscoin at the high price and cash out their bitcoin  and that makes this case become so strange for me. How did binance approve their withdrawal?

[GizmoCoinTEAM]

Every exchange can be hacked. it is not an unbelievable thing. Binance hacked several times in previous years. Not only binance, many Good Exchange faced several hacking attacks. Exchanges bring many security and hackers are getting smart. The hack is now a common word in the cryptocurrency platform.