Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: EVEBlue on May 09, 2019, 01:52:10 PM
-
Source: https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update
I believe most of you already heard about a hacking attack on Binance. My question is what to do now? I want to change my cryptocurrency exchange platform but I'm not sure which one to choose. My friend recomended me CoinDeal since security is its priority. What is your opinion on this topic?
-
Yeah, I've seen the news and now many people talk about it. It is hard to believe but indeed that is the fact, this has been a major blow to Binance and his members. It is better if we have multiple accounts in several exchanges in anticipation and alternatives for future trading.
-
Source: https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update
I believe most of you already heard about a hacking attack on Binance. My question is what to do now? I want to change my cryptocurrency exchange platform but I'm not sure which one to choose. My friend recomended me CoinDeal since security is its priority. What is your opinion on this topic?
What to do nothing! Binance is huge enough and it can handle that problem im using binance since it was launched wayback 2017 and most of the Binance cryptocurrency holdings was stored in cold wallet so theres nothing to worry about its just only a little portion of its holdings and because of this incident Binance will become more secure.
-
Nothing can do Bro.. Because it is our out of control. But we assume that the best exchange how hack...
-
There is nothing we can do, Binance is one of the top exchanges even you find a strongest security exchanges hackers can hack it so better not to put all of your funds in one exchange.
-
I think the better thing to do is to be more careful when storing on some exchanges. You are lucky if the one you stored on exchange is like Binance that can replenish the loss one. This kind of news made me think how centralized can easily be compromised. Still betting Decentralized can be still more effective but problem is the trading volume.
-
I don't think there's much to do in that case because binance have their own security but I can say this attack happen so that they should be more watchful they need to relax thinking that all the security they have is enough what happen to binance is a lesson for them not to leave any look holes although what they lost is just 2% of what ever investment they in bitcoin.
-
a lot of hackers are trying to hack an exchange and this is really hitting a lot New investors and traders who have come to the cryptos industry should have been anticipated long ago
-
What to do? Buy BNB! The price dropped, and who knows when you'll have an opportunity to buy it paying $19 per BNB. If we speak of whether or not we should keep using this exchange, well... probably Binance proved to be ineffective.
-
Binance is the biggest and most reputable trading platform today, even I think it's worth more than Coinbase. To save your assets, you should update your password, conduct 2-layer verification, and diversify your assets, not just with BTC. You may also consider storing your property in a cold wallet or on other exchanges. Do not put all eggs in only 1 basket!
Wish your account is always safe, wish you earn a lot of profit in crypto space.
-
What to do? Buy BNB! The price dropped, and who knows when you'll have an opportunity to buy it paying $19 per BNB. If we speak of whether or not we should keep using this exchange, well... probably Binance proved to be ineffective.
The BNB price dropped because this exchange was hacked and the Binance market are closed for 1 week, I think the price will return to $21 soon but we must know the latest news from the Binance team, what steps have been taken to prevent the same thing on May 7.
I see Binance often being the target of hackers who want to make money quickly,,
-
As for us as investors,we do not need to keep large amounts of funds on the stock exchanges.To do this, there are cold wallets and hardware wallets.
If you trade-keep that part of the funds on the exchange that you are not afraid to lose.
As for the exchange itself, I am sure it will work on the errors of the system and eliminate them.Let this be a lesson....Yes , and a loss of 40 million $ is a small amount for such a large exchange.
-
yes now it is being a trending topic that is often discussed. But the good news I heard is that binance will bear all the losses themselves for the convenience and trust of its users.
-
Nothing we can do. Just wait and see the solution made by Binance. I am sure with its great reputation and experienced team, Binance can do better than what we can think. It is not the first time for Binance face the hacked case, they should have already a proper solution. Anyway, the priority on security is not only stated by CoinDeal, Binance and other exchanges also focus on that thing.
-
Now some experts allow various reasons for what happened with the Binance Exchange, and some experts saying that binance was probably not hacked, but there was another reason and it’s hard to understand what really happened, so I don’t think that trading on Binance is dangerous anymore.
-
in my opinion all you have to do is make security on your valuable crypto assets. other than that, you must be careful about phishing web, viruses and also keep a private key.
-
I would prefer to use decentralized exchanges. They have less liquidity, and we may have smaller profits, but for maximizing profits, the loss of coins, is a high price to be paid.
-
I have no idea to do something, guys. For me, it is not our duty to solve the problem. Let the Binance team find out the best solution. We mustn't be afraid with Binance team, it is the number one crypto exchange in the world.
-
That's right, a few days ago Binance had been hacked and this made the token holders very worried. Binance is a large and highly trusted exchange. After that incident, of course, Binance will tighten our security system. We also have to be more vigilant about digital assets that we store in any exchange.
-
And then CZ said, he was able to replace the funds and be ready to back up. (i have seen at Twitter acccount CZ) .
That means we don't need to worry about this because the CEO of Binance has installed a body for the losses that have been made by hackers.
-
And despite the replacement of the stolen fund from Binance, i think we don't have to really on one exchange or leave all our coins in an exchange. It is better to use deferent exchanges to at least, shared your funds.
In my opinion, hackers are on rampaging everywhere, a reason we have to be mindful that no exchange is actually perfect in securing crypto. Let us be vigilant and be prepare against hacks.
-
Yes I also heard Binance was hacked and around 7000 bitcoin has been hacked by a hacker but now If you want to continue with your binance exchange Ac the first thing you should change your 2FA again and as well your login password to avoid any kind of misuse of your Ac in future apart from this I believe bittrex has the best security features and I trust bittrex most.
-
This is another example that even large stock exchanges can be hacked and no one is immune from this, therefore it is not safe to store large amounts of money on stock exchanges. After reading this news most of all I was surprised that the market did not react to this negative news and did not start falling.
-
I believe that there was no hacking. This is a simple manipulation. Doesn’t it seem strange that the growth of Bitcoin occurred exactly when Binance was “hacked”. Too many matches. Impact on reputation? Well no. Everything was thought out.
-
nobody cared about the hack. Instead because of the CEO's cool announcements about how he will be paying the customers the hacked bitcoins from their so-called "SAFU" fund, they gained more trust. I really do not believe that these are a coincidence. I think all these pumps, dumps and hacks are just planned by the cartels.
-
I would not advise you to change trading venue, the Bonanza is the best exchange, in spite of the break-in. Not everything is so simple with this news, there is a catch..Firstly , the traders ' money was not stolen, and secondly , the stolen bitcoins will be returned from the reserve storage to the main pool of the exchange. We have nothing to fear, trade on, good luck to you.
-
Source: https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update
I believe most of you already heard about a hacking attack on Binance. My question is what to do now? I want to change my cryptocurrency exchange platform but I'm not sure which one to choose. My friend recomended me CoinDeal since security is its priority. What is your opinion on this topic?
You should secure all assets to avoid hacking theft. if I become you, I will convert crypto assets to fiat in a few weeks, then buy crypto assets again.
-
in the kiripto market or the crypto industry there are often games from big traders and large investors who are not responsible often tearing up the market
-
This can be one of the important things for us to be more careful. Binance is a very large exhcange and when it's hacked, we must be more vigilant. The security of our tokens or coins in the exchange is starting to worry. Therefore, we must be more careful in securing our account or it would be better to keep it in our own external wallet.
-
in fact, I do not believe that the binance has been hacked. This page occurred immediately as soon as the market began to grow strongly. For some reason, they needed to close the stock exchange at this moment, and then open it and wait for some time not to allow the withdrawal and deposit balance. I am sure that after some time we will find out the whole truth. And at the end I want to say that whatever the stock exchange would not recommend, none of them is reliable.
-
All exchanges will be hacked or was hacked already, safest way to hold your crypto on different platforms/wallets, to not lose all, if one was hacked.