Quote from: jakelyson on May 08, 2019, 01:07:03 AM

Quote from: minersday on May 08, 2019, 12:19:04 AM

In as much that their security has been breached, people are not concerned about them using SAFU fund to cover the funds stolen. People will be withdrawing all their coins from their platform to keep their funds safe from any future hacks.

I hope binance can restore users confidence back or they will run away from the exchange. There may be a dump for a short while. Just awful how bitcoin is starting to pump up and this happens.

Quote from: minersday on May 08, 2019, 12:19:04 AM

Its quite surprising to see Binance been hacked with all their security measures and protocols.

This just proves that nothing is safe as long as it is online. Hackers do not care how tight your security is, they always find a way to break it, especially if they see a very sweet incentive after.

With more and more sophisticated softwares being created, there will always be hacking that will happen. Hackers will try and try again. For all we know, that's all they do all day long. Find a way to penetrate those big crypto exchanges. I just hope no inside job is in play here.
BNB is a trusted exchange with big volume, so they can recover that fast, no doubt. But the credibility, I don't know if such incident will greatly affect on this aspect.