~snip
I would say it is close to impossible to hack Binance such that they go broke. They will have tons of security measures in place and if you hack them successfully, their system is probably set up in a way such that the hack is not financially fatal.
So their security mitigation risk is to set up that in the case of a breached system scenario it will not lose an enormous amount?
Store your coin wherever you want. I am personally fed up with the Cryptopia shitstorms. After all, a system got hacked/bug is inevitable. And god knows how much the funds on the custodian wallet being at risk.
I am quite convinced that you won't be able to take down Binance with a hack. They will have a solution to that security issue in so far as their solvency is secured even after a successful attack or internal attack. I don't think they have a single cold wallet with 90% of their crypto assets and when it gets hacked they go broke. Definitely not. If that is the case I would be shocked. I am not saying they can't be attacked or hacked, but not that they are done immediately.
