Binance was hacked=> Everyone should be wary of your wallet and trade on Binance

[Bonwin]

I believe Binance has the capacity to return back the fund that was stolen from their exchange. Most of the big exchanges that we know of have been insured. So if any find is stolen, thy can easily be covered by insurance. That notwithstanding, it should be a lesson to those who keep their funds on exchange.

[SistaFista]

Traders and investors funds will be recovered using SAFU fund, so our fund will be safe.
BNB token price maybe drop a little now, but later it will rising again because the dev keep burning the token.
What we must wary is, never use exchange wallet to holding coins or tokens in large amount, so we won't have big loss when the exchange get hacked.

[ansarose1]

Online exchange market are prone to hack since there are many intelligent hacjers that knows how to enter such exchange. Binance showing good reputations these days after the hacking incident. I hope they could recover all what have lost in their exchange.

[wenwen]

Binance has a very simple strategy. They first gained a very large popularization. Released IEO, forced everyone to keep on your account a large amount of money and then staged an attack hackers. Maybe Binance Is not to blame. But the facts make us think otherwise.

[JuliaJi]

this situation means that everything could be hacked, nothing is safe, I thought that binance cant be hacked in any way, that they have total security

[Cosbycoin]

Binance has a very simple strategy. They first gained a very large popularization. Released IEO, forced everyone to keep on your account a large amount of money and then staged an attack hackers. Maybe Binance Is not to blame. But the facts make us think otherwise.

Are you indirectly pointing at Binance being the hacker of Binance under the mask? I think that might not be the case. We have seen and come across companies been hacked for millions of dollar every year. Since inception, crypto has been affected adversely by hackers and scammers. Binance is already enjoying monopoly and has made big money; I do not see the logic behind hacking its own accounts.

[setialovers]

this situation means that everything could be hacked, nothing is safe, I thought that binance cant be hacked in any way, that they have total security

Indeed, its means we should secure our own coin and store it tin our own wallet. Not your coin if you dont have private key is good word from crypto community. Binance and others exchangers must be improve their security but its much safe if we store on our own wallet

[BurstBurst]

I think it's safe to trade in binance because they already have it but I'm thinking of how much they have lost in binance exchanger because they have so much btc they stole and are still trying to figure out who's stolen but not have been removed from their minds, especially investors and holders who have their wallet so the founder or team of binance resolves it because of the size of a hacker stolen because the exchanger's security is so secure of a hacker, so their security is further tightened on their website.

[Kiweikoo]

this situation means that everything could be hacked, nothing is safe, I thought that binance cant be hacked in any way, that they have total security

Indeed, its means we should secure our own coin and store it tin our own wallet. Not your coin if you dont have private key is good word from crypto community. Binance and others exchangers must be improve their security but its much safe if we store on our own wallet

I think it is very possible to get an exchange hacked only when the hackers do a lot of home work. By this, I mean that like CZ Binance tweeted, the hackers have been very patient in getting the API and 2FA keys on the users with maximum Bitcoin in their wallets. But if you look at the fat that the website of Pentagon in the US cannot be hacked which means that the security level of the exchange with more than 90% users could really be upgraded.

[bitcoinmar]

Traders and investors funds will be recovered using SAFU fund, so our fund will be safe.
BNB token price maybe drop a little now, but later it will rising again because the dev keep burning the token.
What we must wary is, never use exchange wallet to holding coins or tokens in large amount, so we won't have big loss when the exchange get hacked.

The current BNB price is hard to believe, it has reached $ 30 after just over a week of getting a 7000 BTC hacker problem, causing the price of BNB to fall to 18.3 in just a few hours after CEO CZ confirmed the incident.

[starblocks]

Generally when an exchange gets hacked it losses some of its credibility and customers tend to withdraw their funds for safety reasons and this can have a negative impact on the startups reputation and can lead to a decrease in market value of its native token but in this instance it didn't most likely due to giveaways and VIP rewards which enticed customers to continue using the platform and the moderate appreciation may indicate the overall market is performing better than expected

[upsidedown75]

Generally when an exchange gets hacked it losses some of its credibility and customers tend to withdraw their funds for safety reasons and this can have a negative impact on the startups reputation and can lead to a decrease in market value of its native token but in this instance it didn't most likely due to giveaways and VIP rewards which enticed customers to continue using the platform and the moderate appreciation may indicate the overall market is performing better than expected

So it automatically implies that BNB will always have a way of sustaining their project which guarantees that it will stay in the market for a long time. I had faith more in Binance after I saw the way they were able to curtail the situation.

There are so many exchanges that weren’t hit this much but they are nowhere to be found again now i.e cryptopia. So I think Binance coin is one that we will still be talking about come 20 years’ time, by then, I expect most of these smaller coins to have died off the market then  while people will focus more on projects like BTC, ETH and BNB.

[GGmith]

I believe Binance has the capacity to return back the fund that was stolen from their exchange. Most of the big exchanges that we know of have been insured. So if any find is stolen, thy can easily be covered by insurance. That notwithstanding, it should be a lesson to those who keep their funds on exchange.

yes we know that large exchanges such as binance have been guaranteed to return the hacked user money at that time, I hope binance developers can also update their exchanges so that the incident doesn't happen again, the rest we as users must always be vigilant in storing the assets we have.