BINANCE -HACKED

[truxton]

Exchange Hackings, Security and Freedom: Why Would Traditional Exchanges Embrace a Decentralized Exchange?



https://www.ccn.com/exchange-hackings-security-and-freedom-why-would-traditional-exchanges-embrace-a-decentralized-exchange

[hanniabu]

Finally a posting about a DEX that's a true decentralized exchange. Too often we see hybrid exchanges claiming to be a DEX and misleading users. It's nice to see that this also doesn't use proxy tokens and you're trading the actual assets which means you're in control of your funds throughout the whole trade.

[Praxis]

A move towards DEX has to be the next step for the crypto space.

[hanniabu]

Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.

[G-Bert]

Decentralised exchanges are definitely the way to go and Blocknet is great project that deserves more attention.

[G-Bert]

Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.

This will be a game changer for sure.

[Psynthax]

Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.

This will be a game changer for sure.

The fact that a few years ago there was a lot of people have been saying if that will become a game changer but this time it doesn't get even a lot of users. How it can be a new trend if the investors don't wanna move to the dex. A few times the hacked cases happened with dex and there is no one of that dex gets hacked on its how wallet. Most of them are getting hacked on its DNS or gets a similar phishing site.
Crypto users are still not yet ready for that.

[mrdeposit]

Agreed, and it appears that the first decentralized SPV lite multiwallet will be released by a 3rd party to use with Block DX so that the full chains aren't needed to trade. That's going to be huge! I'm going to pick up some BLOCK to run a Service Node since all fees are distributed to nodes.

This will be a game changer for sure.

As it previously said, I don't believe game changer DEX-s will be a reason to move the funds from centralised places to decentralised places. For the first versions of the next DEX, it will become untrustworthy by the investors.

[rodel caling]

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
 

I heard that very sad news for binance, anyway hope this scenario can't affect to bitcoin pump up price increases in the market cap.
Timing attack when bitcoin goes uprise hackers steal the huge from the one most biggest exhange in the crypto currency.

[jonaire99]

The users' funds in binance are safe according to CZ so there's no worry about that. But what is worrying is the hacker's method of hacking one of the safest cryptocurrency exchange by passing through users according to the report. I hope Binance will address this security flaws successfully in the future.

[khiholangkang]

A move towards DEX has to be the next step for the crypto space.

I agree that DEX will make everything more secure, because all of us control ourselves, even if there is a hack because self-negligence is not an exchange party's fault

[sana54210]

The users' funds in binance are safe according to CZ so there's no worry about that. But what is worrying is the hacker's method of hacking one of the safest cryptocurrency exchange by passing through users according to the report. I hope Binance will address this security flaws successfully in the future.

I am a very big fan and believer of Binance, but I still doubt the genuinety of this hacking, Binance is too good to allow such a thing to happen, I know they are not God and also not above mistakes, but they have too many experts security wise to have not seen this lapses in the system that made the hacker gain access into the hot coins.

 I really hope that this was not an internal hacking and serious investigation really needs to be done. It will be difficult for an external hacker to really crack down a whole system of Binance, and if it is really an external hacker, Binance really need to watch their back.

[D3m1r4wanti]

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 

that's proof that Binance Exchange does have loyalty and responsibility to its members.
7000BTC is not a small amount, but it is proven that losing that much assets does not affect anything to Binance Exchange and its reputation.

[Irazzzta]

Nothing is safe in cyberspace, hackers are always looking for vulnerabilities from website security systems.
The most important is Binance's responsibility that makes users exchange safe. This is the right step to keep traders using Binance, as did Justin Sun giving support through his tweet.
And after Binance was hacked, the price of bitcoin skyrocketed. I think this is quite strange, does anyone feel the same with me?

[zhekinsp]

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
 

Binance were hacked but no users funds will be lost,this news almost available on each sections.


Will post here if anything informative about this issue here.

[coinswebid]

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 

that's proof that Binance Exchange does have loyalty and responsibility to its members.
7000BTC is not a small amount, but it is proven that losing that much assets does not affect anything to Binance Exchange and its reputation.

if i'm not wrong this 7000BTC is only 2% from all Bitcoin at binance, wich mean this will not affected the stability on binance
but this issue was the second issue on binance, and binance should learn from this, and give more security system on their platform

[pageraji]

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

yes justin sun just want publicity since the deposit is not available then how to add 7k btc? this guy is really good actor

[edisystem]

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
 

Nah it's not fishy, it's a true hacked for me. Who is that justine guy, i never heard of him, maybe just an attention seeker. Actually the price of binance coin is decreased a few days ago when the news about binance hacked pop out.

Fortunate BNB is recovering right no and the price start going up again.

[8rch7]

surprisingly, large exchanges at the binance level can be hacked. At first I thought there was a system upgrade when there was a notification of API Key changes, apparently after that there was news that Binance was hacked.

[D3m1r4wanti]

if i'm not wrong this 7000BTC is only 2% from all Bitcoin at binance, wich mean this will not affected the stability on binance
but this issue was the second issue on binance, and binance should learn from this, and give more security system on their platform

it just doesn't matter, I just found out that the volume of bitcoin in Binance is that much, up to BTC7000 is only 2% of the total. this is great. I believe binance is a truly bona fide exchanger