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Author Topic: Is Binance Hacked ?  (Read 234 times)
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blockman
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Today at 11:43:45 AM
 #21

I reckon the whole Binance episode is pretty much over now. They covered the damage and compensated users in a fairly short time, which shows what they are really made of. That is proof, and reason enough for users to stay. It's not like Binance still has to restore anyone's confidence.

FUD can trigger short term outflows, but liquidity, and the trading experience and trust are what keep users around for the long haul.

I wouldn't be surprised they continue to dominate market.
Not fud triggered the outflows but the situation that they've been in, they've been hacked and that's normal to see outflows as people who's got no more confidence in them withdraws. Although if the inflows or those funds that have never been moved due to how they've handled it are still there, not everyone is satisfied with it. They might have handled well the hack and covered all of the funds that were stolen, but it's not the majority who think that they're still trustworthy for safekeeping their funds. While the enthusiasm is still with them as a good exchange for everyone but, that's no fud if the outflows are speaking for its volume too. I think that it will also neutralize soon now that this coverage is almost done or is it already done.


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