Post
Topic
Board Altcoin Discussion
Re: Funds are no more #SAFU! Binance lied?
by
tomahawk9
on 08/05/2019, 16:37:51 UTC

What does it mean for us?
1. The biggest and most trusted exchange was hacked - funds are not safe when you hold them on CEX - finally confirmed by the biggest one.
Trusted? In what regard? Keeping coins in a exchange has never been safe. One of the golden rules in the cryptocurrency world is to control your own keys. Just because Binance never got hacked before doesn't make them a "trusted" exchange, it's just that they never were the target of hackers.

2. Binance lied and maybe this is not for the first time? Is it really good exchange as we think?
That's just speculation, don't be part of the opportunists that are trying to bring Binance down with unfounded comments.

3. Bull market confirmed? Bitcoin price wasn´t affected by this, that doesn´t make any sense, since it is one of the biggest negative news this year! (the view of the centralized exchanges will change completely).
There was actually a dump yesterday from 5.9k to almost mid 5.6k's, not sure if it was after the hack news were released, though.