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Author Topic: The No.1 exchange Binance got hacked. Are we safe? Can hackers be stoped?  (Read 713 times)

tsakf

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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.

This, may cost a little more (blockchain fees), but it's better safe than sorry. There is no use, to try to maximize profits, with the risk of losing all funds.
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Synvc

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This, may cost a little more (blockchain fees), but it's better safe than sorry. There is no use, to try to maximize profits, with the risk of losing all funds.

the point is to be careful to protect assets, nothing is safe in cyberspace. because all online smells are vulnerable to attacks.
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Etrilicious

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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.
Am a bit confuse are you saying that 2fa authentication is no longer safe or hackers can only send stolen btc to specific hot wallets?. All i know is binance lost or drop their guards and got penalize for it.
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Adaora

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Privacy and security are lagging on the space. And until focus is channelled to this duo, the crypto space would remain unsafe. All thanks to the evolution of privacy coins. This coins to some extent play a significant role on the space. Say Veil coin and Monero. Those are blast!

Etrilicious

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Privacy and security are lagging on the space. And until focus is channelled to this duo, the crypto space would remain unsafe. All thanks to the evolution of privacy coins. This coins to some extent play a significant role on the space. Say Veil coin and Monero. Those are blast!
Haha i dont fully understand what you saying that this coins are better than bitcoin  ;D.
Just messing around yeah privacy coins are some what the best.
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bitagro
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Delgboke

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We all know that hack we always want to hack peoples account they also looking for loop holes of any account for them to attack so it is only when you ignorant of them and fail to guide your assets with all required security that is needed they can penetrate but you do you're safe even though they try to succeed .
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Psynthax

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centralized exchange is NOT safe no matter how excellent your method to secure your money it is just too risky to save up your money in the centralized exchanges wallet. You need to take care of your own money by saving it up on your own fully controlled wallet and use any means to secure your money like using privacy coin like veil to get away from hacker since hacker usually trace your transaction if theres money.

Mpxs

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yes I also know that in a few days the binance market experienced a bad thing. but for me binance is also a good market and also popular, so the next step I'm also sure binance will also be fine.

Obiwankenodium

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I am pretty sure binance exchange is working their ass off to be able to open their exchange again for cryptocurrency tradere that want to buy Bitcoin and fomo in.
         
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Chikky08

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Binance is a very great exchange, they got hacked and are able to stand back without shake. What If this happened to an exchange that can't afford the bills. This is the more reasons privacy projects are needed. Its all about security. Look out for some out there.

Siffi

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yes I'm also sure the binance market will also be safer to use to store your assets, so for me you don't need to be afraid of binance trading .

rituvohra01

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We are not safe and no exchange is safe. No we can not stop hackers from hacking. With the advancement of technology hackers are going to be very smart.

Makdon

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With privacy exchanges and platforms like veil. It will curtail hackers as it sole aim is users privacy.

Vande12

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We are not safe and no exchange is safe. No we can not stop hackers from hacking. With the advancement of technology hackers are going to be very smart.
Only decentralized exchange will be the best solution for this case. We must learn about how to update the security anytime. Binance looks so rarely to update its security.
They must learn about how the system must be secured by a high technology that used a new methodology. That's why I never save my amounts in my centralized exchange site wallet and i just used the privacy coin which gives me more possibility to secure my amount in RingCT. Veil is a new privacy technology that must be followed by binance.

jenica

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With privacy exchanges and platforms like veil. It will curtail hackers as it sole aim is users privacy.
How safe is the token? I think all tokens are safe, which is not safe is our wallet, how we store keys so that security is more secure
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