Yesterday Binance was hacked fgor $40 Million worth of BTC equivalent to 7000 BTC at todays price.
Well we have heard of hacks before what we have never heard of is the mention of rolls backs.
What do you mean Roll Back.
Binance techs have suggested taking 51% control of the miner power and rolling back this transaction.
Does any one else have a problem with this?
This is bad news, but I hope all parties can continue to believe in cryptocurrencies. Because with trust the market can be maintained and there should be no situation of loss of trust. Because usually things like this will have a negative impact on the price changes of cryptocurrencies. 7000 BTC is a large amount, hopefully there will be no price dumping.