Binance has been hacked

[kingstep]

Let me just believe that no one is doing that cause I'll be so disappointed that after several exchanges got hacked people still use Binance to receive payment, like what would even give them the mind to trust the exchange?

There is a clear difference between people using Binance in storing their asset for the long term and them using it in receiving signature campaign payment. OP was only referring to the latter because those using it just for accepting payment will find it impossible to move their asset out of the exchange since withdrawal has been temporary disabled.

Almost all the major crypto exchange we know have been hacked and it tells us how vulnerable this crypto space has become as AI and more sophisticated means of penetrating these exchange gains ground. just checked out binance and everything is on the red. such a hard time to be a crypto enthusiast.

[Hyphen(-)]

Thanks for the heads up!

I hate reading crypto vulnerabilities these days, as they are too much and it's becoming annoying. More than $6B crypto worth has been reportedly affected. However, Binance is a big exchange, so this will pass. They indicated they would restore withdrawal within 48 hours. Let's see if they would be true to their words.

This news of crypto hacks here are is becoming annoying, this can discourage new users from joins the crypto community.

We were always looking for reputable platforms to use always when we are about to use exchanges or to find a wallet to save our investment; now the reputable platforms are the target. We had of COLDCARD, Ledger which are decentralized hared ware wallet that we trust, they got compromised, its not been long when people were saying that the decentralized wallets are not to be trusted like we used to, and now reputable exchanges are also been attacked.

What else can they say now? I think this is another reason to stick to decentralized wallets, not hard ware wallets because I know it is not all of us that can afford them, we can just be using our digital decentralized wallets like electrum, bluewallet, and others so that we can control our assets by ourselves because now Binance is not allowing withdrawals, everyone have to wait for them, which cannot happen in decentralized wallet.

[BitBakerr1]

What is really going on?
The attack on crypto platforms are getting worse every day and it looks like this crypto platforms cannot secure themselves very well, because it looks like no matter how they try these hackers will find a way to attack them and succeed.
I think there’s a secret that this hackers have discovered that this platforms have not discovered yet and the secret is what this hackers are using to penetrate this platforms.

I really feel sad for Binance this money that this hackers stole from them is a huge amount of money and it will be very difficult for them to recover from this attack. I know that Binance is actually very rich, but this attack is a very big attack. The money stolen is not a small amount of money. I wish they would recover and come back because right now they have stopped withdrawal and some other operation.

[osasshem]

I saw this news pop up from my notification bar and I immediately came to check if this is true, after going to Binance X handle, and saw all the news updates.
This is a big shock, if Binance amongst these exchanges that has been hacked is seen on the list. Binance official X says they have set aside funds to cover this list, but seeing this hack at all makes it unconducive for we to still have trust with what is called security, as every single flop is a risk of losing something this huge.

What can we call security anymore?