BINANCE -HACKED

[akitha]

What are your thoughts on this https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance??
For me there is something fishy about binance hacking.. and regarding justine sun post on twitter about depositing 7k BTC?hmmm
 

[butka]

I don't know about Justine's tweet, but according to the article it looks like a genuine hack to me.  Luckily, only the hot wallet was impacted. Still, they say some 2% of total holdings were stolen. This goes to show that no exchange is safe enough, no matter how big and influential. The worrying thing is that some two-factor authentication codes and API keys were also stolen. As always, people should keep your bitcoins in wallets they control, not on any exchange. They should put there just the amount you want to trade.

[Abal Abal]

actually this news is very disappointing, how could a large exchange that has so many users have a gap to be cracked, it should be before binance published for the binary public that it must go through various security tests, so that things like this don't happen. it will affect the mentality of investors, and this is not good for crypto.

[Piggy]

and regarding justine sun post on twitter about depositing 7k BTC?hmmm
 

Justine Sun is just an attention whore and i would not expect anything less than trying to take advantage from the situation by getting some free publicity, then he will probably back out from the deal at the last moment 

https://twitter.com/justinsuntron/status/1125932499761225728

[batang_bitcoin]

What makes you think that the hack is something fishy? Justin Sun is just getting attention and riding this incident for publicity stunt. I don't think that he's part of anything due to this hack. I'm not a fan of him and not either an investor of Tron and BTT but I can't see what you are trying to connect.

https://twitter.com/justinsuntron/status/1125932499761225728

CZ replied and said that he doesn't need help from him.

[KryptoKai]

It could be from a rogue ieo which wasn't vetted properly so they added some malicious code to the exchange. Hard to say except binance is not safu, switch to kucoin

[OrangeII]

Hearing the news today that the binance was hacked certainly makes us shocked. well, giant companies like binance are even exposed to this. but from the articles I read, I think binance can still control this. but, after all, 7000 bitcoin is too much, even equivalent to 40 $ million. I hope this does not affect the price of bitcoin in the future.

[muslol67]

Hearing the news today that the binance was hacked certainly makes us shocked. well, giant companies like binance are even exposed to this. but from the articles I read, I think binance can still control this. but, after all, 7000 bitcoin is too much, even equivalent to 40 $ million. I hope this does not affect the price of bitcoin in the future.

Everyone is talking about it. Please, be calm. Binance will take care of this issue. As they alread made the past. I am sure everyone gets it funds safely a while later.

[watergold]

honestly I don't know whether binance is really broken or is it just a hacker who stores the booty results in binance and then takes it back. I'm not sure if binance can be that easy to break

[cygan]

the 7000BTC were stolen from a hot wallet. the user deposits are all safe and were not affected by the hacker attack.
what surprised me and what is also good that the BNB token has not lost much in its value 

[asriloni]

What makes you think that the hack is something fishy? Justin Sun is just getting attention and riding this incident for publicity stunt. I don't think that he's part of anything due to this hack. I'm not a fan of him and not either an investor of Tron and BTT but I can't see what you are trying to connect.

https://twitter.com/justinsuntron/status/1125932499761225728

CZ replied and said that he doesn't need help from him.

I thought that Justin never seen the binance financial report about how much money that got by binance last year https://www.theblockcrypto.com/2019/02/06/analysis-binance-brought-in-446-million-in-profits-in-2018-despite-the-bear-market/
Justin think if he can buy anything with his money that he's gotten it from tron and bittorrent. How a little guy that being a rich person caused by the pre mined funds act like he was the same as billionaire.

[Cnut237]

the 7000BTC were stolen from a hot wallet. the user deposits are all safe and were not affected by the hacker attack.
what surprised me and what is also good that the BNB token has not lost much in its value 

Yes, I also expected BNB to drop like a stone. The resilience is an encouraging sign. Same with the wider market - incidents like this usually cause big price drops across the board, but it's not really the case this time, which does lend weight to the argument that the bear market is well and truly over, and the price rises of the last couple of months aren't just a bump in a downwards road.

[Baofeng]

What are your thoughts on this https://www.coindesk.com/hackers-steal-40-7-million-in-bitcoin-from-crypto-exchange-binance??
For me there is something fishy about binance hacking.. and regarding justine sun post on twitter about depositing 7k BTC?hmmm
 

First off, Justin Sun is what we call Shill God, I mean he has been shilling TRX and BNB. Second, there has been speculation that the hacked could be an inside job, but we don't know for sure. Third, doesn't make sense for Justin to deposit 7000 BTC because the funds are covered by Binance by SAFU. Fourth, I believed that it's very sketchy but we don't have any proof of it, it's just speculation on our part.

[Lumada]

the 7000BTC were stolen from a hot wallet. the user deposits are all safe and were not affected by the hacker attack.
what surprised me and what is also good that the BNB token has not lost much in its value 

We can still say that BNB still have some security that hackers didn't get a lot. This happening will be a reminder to BNB that even how secured they are they still need to improve especially price of BNB this past weeks we're in great value

[Adrianrekt]

Everything about this smells fishy and i am out of all markets for the moment. Also notice the Insider trading i.e big Red wicks days before. They knew this was coming or simply stole it themselfs. Its one big Clique at this point.

[pey]

7000 BTC is nothing for Binance. I don't care. I don't even understand why people care about it. It's just about FUD, this is how some people are going to make money.

[WannaCry]

i knew this would happen,but that's ok.. as long as the users funds are safe,, and the BNB value is not affected on this recent hacking issue.. 

[The Sceptical Chymist]

The worrying thing is that some two-factor authentication codes and API keys were also stolen.

Yup, all those security steps in place just to log in to the damn site and they still get millions of dollars stolen from them in a hack.  Unbelievable.  And I don't know whether to be suspicious about this or not, but when it comes to crypto exchanges claiming to get hacked, I'm not about to take anything they say at face value.

If Binance really did get hacked, that sucks but it's on them for having lousy security.  I'm being a bit self-centered here, but I'm more concerned about my account's funds being frozen.  I'd really like to know when I'm going to be able to withdraw the crypto I have with Binance.  I made a deposit right before the hack announcement, and while I was able to make the trade I wanted to do, I can't withdraw any coins.  As soon as I'm able to, you better believe I'm withdrawing everything I've got on Binance.

[xenomorphe1]

I am skeptical that they only got BTC stolen if the hackers did have the trading keys, passwords, 2FA of certain persons. Why did they only took BTC and in only one transaction? That's not very logical. But let them the benefit of the doubt.

[South Park]

7000 BTC is nothing for Binance. I don't care. I don't even understand why people care about it. It's just about FUD, this is how some people are going to make money.

This is not FUD, it is a real news story and it is impossible to cover it up, the amount of money stolen was small but that is not the issue here, the issue is that the most popular exchange got hacked and they not only lost money but hackers also got API keys and the two factor authentication codes, that later is the most worrisome as many people are probably using the same codes in several websites, so now traders will need to update their security details in all the platforms they use and that is a huge waste of time but it has to be done.

All of this should reinforce the conviction of the community to push for decentralized exchanges.