Post
Topic
Board Trading Discussion
Re: Binance Has Been Hacked - Lost 7,074 BTC
by
andreibi
on 08/05/2019, 17:22:47 UTC
This is really sad when people already being convince to join crypto but it's still hackable

Hacks are not limited to crypto-currency exchanges. Every day, the bank accounts and credit cards of millions of people get hacked. Obviously these incidents don't get much media limelight, as they are considered as nothing out of the ordinary. Money is not safe if it is stored in third party storage, such as banks (in case of fiat) or crypto-exchanges (in case of BTC).

Precisely. Anything and everything online and accessible through the Internet is hackable. There is no 100% hack proof security. It is because we are still humans and can be exploited by social engineering.

Keep your private keys to yourself, only then it's 100% hack proof.