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Author Topic: The No.1 exchange Binance got hacked. Are we safe? Can hackers be stoped?  (Read 2092 times)

Etrilicious

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Binance issued the following statement:

“We have discovered a large scale security breach today, May 7, 2019 at 17:15:24. Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.”

The strong binance got a big hit today, worth $40m, 7000 btc stolen to hot wallets.
This hackers are smart. Do you think it was just an outside job or inside job was involved.

Moonlight

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  • bad news. why will every BTC go to the moon with hacking news?
    is this a game market or just a coincidence. It's really a shame Exchange No. 1 was hit by hacking.
    people on binance  can play a role in this hacking (only my opinion)
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    Heleon

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    Now everyone should know that no exchange that cannot be hacked. This hackers are just too strong, I hipe we can find solutions to all these.
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    josephabad23

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    Yes Binance got hacked and no matter who was the hacker (inside job/outside job). Hackers proves that our funds are not safe with Centralised exchanges no matter how tight the security. But no worries, CZ will compensate all of those stolen funds but the damage to the community has been done.

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    victoroshi

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    With this latest report, I don't think we are saved. The most interesting thing is that it does not have any impact on the Bitcoin price as usual

    dentolas

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    well, there will always be hackers, same as criminals ... but I think it is becoming more difficult for them as people get more educated and less prone to certain types of attacks...
    On binance it can involve an inside man...

    tsakf

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    Now everyone should know that no exchange that cannot be hacked. This hackers are just too strong, I hipe we can find solutions to all these.

    People, must learn to use Decentralized  Exchanges. The coins, remain in your wallet until trade settlement. Bisq, is a very known exchange. It has small liquidity, but it's up to the trader, to stick there,  and have maximum security.
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    Etrilicious

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    Yes Binance got hacked and no matter who was the hacker (inside job/outside job). Hackers proves that our funds are not safe with Centralised exchanges no matter how tight the security. But no worries, CZ will compensate all of those stolen funds but the damage to the community has been done.
    Yeah exactly, using a decentralized exchange will be great. I have not heard that any where that a decentralized exchange get hacked because every individual have the right to his or her own private key.

    Wendy

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    I think no exchange is 100% safe. Hackers are more sophisticated, nobody knows what they will invent tomorrow. Unfortunately, now we can just respond to attacks, not to completely prevent them

    Jayde

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    Nothing is truly 100%, so even the most secure one still be able to hack if the hacker is good enough, but I think time to time these exchanges will become better
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    Midz

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    I have not been able to ascertain whether it is really a hacker or just a play by binance. all of that is still under investigation

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    JessNeas

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    I think no exchange is 100% safe. Hackers are more sophisticated, nobody knows what they will invent tomorrow. Unfortunately, now we can just respond to attacks, not to completely prevent them

    The only platform I feel safe with is CoinDeal. It has great security protocols. More info here: https://coindeal.com/security

    Etrilicious

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    I think no exchange is 100% safe. Hackers are more sophisticated, nobody knows what they will invent tomorrow. Unfortunately, now we can just respond to attacks, not to completely prevent them

    The only platform I feel safe with is CoinDeal. It has great security protocols. More info here: https://coindeal.com/security
    Haha you cant say for certain that the site is 100% because hackers like to take challenges, i fewl the reason binance was tagetted was the Fact that folks think binance is unbreakable. I just advice we keep funds safe with our selfs and hope no hacking we get affected.

    Pelanavreo

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    Official source of information: https://binance.zendesk.com/hc/en-us/articles/360028031711

    Hackers have reason to do it all, from the information I've read, Binance exchange uses #safu funds to cover it all up.
    The hackers have started to increase the threat by opening the 2FA key and I think the level of crypto exchange security is good because hackers can only carry Bitcoin from hot wallets owned by binance.

    Valentyzer

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    No exchange is safe because hackers are all very smart to capitalise on any security bug before the exchange can get to know. No security measure is 100%
    It's better we keep our funds in wallets we have our private keys.

     

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