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Author Topic: The No.1 exchange Binance got hacked. Are we safe? Can hackers be stoped?  (Read 2095 times)

twinkle

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Binance KYC policy shows that above the withdrawal of 100 btc verification needs to be submitted and further more contact them..
This states what? Did Binance approve the withdrawal and not know about such a thing ? Gets me suspicious

Psynthax

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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 .
You still need to be aware of any hacking activities that could possibly targets you. If Binance have the method to prevent it thats ok but that doesnt mean you are completely immune against any hacking, i recommend you to take the security to higher kevel by using hardware wallet or using privacy coin that's anonymous like veil

Etrilicious

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Binance KYC policy shows that above the withdrawal of 100 btc verification needs to be submitted and further more contact them..
This states what? Did Binance approve the withdrawal and not know about such a thing ? Gets me suspicious
Hmm am not quite following you o. Are you saying that binance willingly approve the hack. Pleasse explain your self further.

Rainbowmichaels

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Hmmmmmm! This is a huge question. If binance could be hacked, I don't think we are safe. The only way we can be safe is if when work with people with integrity and who wants to protect there image by all means. Trust me, there's an insider involved in binance ish!

Etrilicious

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Hmmmmmm! This is a huge question. If binance could be hacked, I don't think we are safe. The only way we can be safe is if when work with people with integrity and who wants to protect there image by all means. Trust me, there's an insider involved in binance ish!
Even the best of the best sure have their worst moment and i think binance just had theirs. Haha everyone seem convince that binance had an inside man.

Ra_pl344

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Hmmmmmm! This is a huge question. If binance could be hacked, I don't think we are safe. The only way we can be safe is if when work with people with integrity and who wants to protect there image by all means. Trust me, there's an insider involved in binance ish!

. Some people want Privacy Coins and taking precautionary measures to protect themselves from hackers especially when they hold large amount of cryptocurrencies. Different Privacy Coin, different blockchain. If differs because each privacy coin uses different consensus protocol, technology, mechanism, and many more to serve each coin its unique way of giving privacy to holders. Here is a comparison among old privacy coins, some of its flaws and what are Veil’s advantages.

OluwaTosin10

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Once t is a centralized exchange platform
No body is safe

And hacking cannot be stopped because hackers get helps from the inside to complete the hack
Humans cannot change

Similarly, store your virtues on paper wallet; always remain safe

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Simi

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The security issue of the blockchain could be said to be the one of the factors that "subtly" encourages hacking .
Anyone can get to see anyone's holdings and transactions on the blockchain.
This helps hackers to Know what wallet to hack and all that.
This is why there's the need for privacy coin projects to  provide solution to this issue with a view to reducing the incidences of hack.
Veil privacy coin has proposed lasting solution to the issue through it's innovative cutting edge technologies.

rizkyfebrian

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High entry exchange like Binance too can got hacked.. I didn't believe it.
Hackers too strong on cryptocurrency until now , Last time I read article about hacked exchange.. its happened before on Coinbene.
Forget for how much got stolen on Coinbene..
Need some stronger protection again on each exchange.. doesn't matter low entry exchange or high entry exchange.
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Siffi

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I don't think exchanges are safe from hacking. for me Binance is also the most famous market and also number one, they can still be broken into

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josephabad23

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Hmmmmmm! This is a huge question. If binance could be hacked, I don't think we are safe. The only way we can be safe is if when work with people with integrity and who wants to protect there image by all means. Trust me, there's an insider involved in binance ish!
Even the best of the best sure have their worst moment and i think binance just had theirs. Haha everyone seem convince that binance had an inside man.
Oh yeah! That's unavoidable, hackers are very skilled nowadays and even binance can get hacked sometimes. But at least the way they handle the incident was so professional.

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lilyphilip

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   Binance is lying outright or by omission.
   This article has made me think about binance getting hacked from a different point of view
   Source: https://www.reddit.com/r/CryptoCurrency/comments/bmou61/connecting_the_dots_with_the_binance_hack/

Rabsul

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The recent binance hack proved that nothing is 100% safe in the virtual world. So when we make profits, it is better to convert it into cash. Hackers can't be stopped becasue they are more sophisticated in technology.

Redix

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A few days ago there was news that Binance had been hacked. This certainly makes us worry, especially Binance is a large exchange that we know that the level of security is very guaranteed. But finally, the security can be hacked by irresponsible parties. I am sure that after that, Binance will review the level of security of the exchange and improve the quality of its security. So, we must believe that our assets will be safe there.
Regarding whether hackers can be stopped, I think the answer is "NO". Hackers will continue to act on things that make them interested and challenged. We don't know what and how they are. hence, we must be vigilant.

Ewan

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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.

I'm just curious how they are talented that it's easy for them to hack crypto's giant like Binance, that's incredible

 

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