Bitcoin Exchange (Binance) Suffers $40 Million Security Breach. Are we safe?

[EVEBlue]

Binance's official statement: https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update

Tbh, I'm not so sure we're safe using Binance. It was a matter of time when someone would attempt a hacking attack. Sad thing that it was succesfull. Right now I'm using Coindeal mainly because it has great security protocols.

[Hongy]

of course we are safe with us trading at Binance, because for me it's also good and there are also many altcoins that have high potential in the future. so for me you also don't worry about that.

[etheridge9]

Unfortunately, it affects their reliability, but let's be honest - this could happen to any exchange. It's not the first breach this kind and unluckily not the last one. Binance is a great platform and i think they will handle it properly. Such actions always have it's consequences, hopefully it won't affect more users in a negative way.

[comer]

this is very sad news for everyone. Luckily, market doesn't crush after that incident. Hopefully, binance could find a way to tighten the security of the exchange to avoid this incident to recur. Even though, it happen I still believe finance exchange that still safe for all of us.

[damsix]

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It's not sad because Binance is able to handle losses from 7k Bitcoin that has been hacked.
But if Exchange is normal with news like this I'm sure this will make an impact on the price of Bitcoin.

[comer]

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It's not sad because Binance is able to handle losses from 7k Bitcoin that has been hacked.
But if Exchange is normal with news like this I'm sure this will make an impact on the price of Bitcoin.

its sad to note that some people are stealing money from other people. Traders may not be affected by the hack because binance was able to use it's insurance fund to refund the losses.. It would be the saddest day for CZ because his exchange was not attacked and it may affect the integrity of the exchange.

[I-Bit]

I think Binance can solve this problem soon. I am sure that Binance won't give more chances to hackers to steal Bitcoins after this case. It already happened twice, and I guess Binance will improve and strengthen their security. So, I think we must be calm and no need to feel too afraid.   

[Munareal]

The lack of security of the cyber space is part of the issues that are limiting the massive adaptation of cryptocurrencies by the mainstream society. Binance is one exchange that is liked by many and am sure this happening will not reduce its popularity. The team should put more security features in place and should continuously be on the look out for hackers.