Binance hacked: what to do now?

[EVEBlue]

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?

[Legio]

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.

[masterrex]

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.

[Coin63@]

Nothing can do Bro.. Because it is our out of control. But we assume that the best exchange how hack...

[shadowdio]

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.

[LogiC]

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.

[Delgboke]

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.

[abdmuiz]

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

[hotspot]

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.

[MrSpasybo]

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.

[Cutter Cute]

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,,

[Speaker]

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.

[HanZo04]

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.

[alltalk]

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. 

[trauchot]

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.