Post
Topic
Board Trading Discussion
Re: Binance Has Been Hacked - Lost 7,074 BTC
by
serjent05
on 08/05/2019, 04:32:26 UTC
Maybe Binance hack was an exit scam.

It is impossible.  They are on their peak atm.  If they exit they would have lost billions of possible income from their business.  Beside they just started their "DEX" exchange so exiting is not in their line of thought for now.  Tongue


Don't worry too much because CZ has insurance policy for all investors and you can rest assured when withdrawing money at this exchange.

This is one good move by CZ, having a back up plan such as insurance fund if ever the worst happen such as this event.


I think after this FUD news, Binance became even more popular because many projects will spend their money to support this exchange. This is what impressed me most because CZ is gaining the trust of many people and surely Binance will continue to be ranked No. 1 this year.

It is not a FUD, it is a hack.  We cannot remove the possibility of self orchestrated hack to showcase their SAFU.  Thus, increasing people's trust and believe that their fund is secured through SAFU.  Which we can call a marketing strategy plus free advertisement about their SAFU.