Post
Topic
Board Trading Discussion
Re: Binance hacked. 7000 BTC stolen.
by
Maslate
on 09/05/2019, 05:38:48 UTC
There is already a thread about this here is the link .
But anyways just as I said on the other thread thanks to them no user funds are going to be affected.
But the trust of their user would surely be affected by this incident.

They ensure the funds are safe even with the hacking incident so I doubt that "Trust" is affected here. It just proves that binance is responsible enough to ensure users funds whatever incident like this could happen in the future. SAFU
If this kind of incident will happen again, I don't think their SAFU funds could still over it.
For now, I believe it has somehow affected their reputation because their site security is not strong enough to prevent this.
Big investors will likely choose to diversify their funds to other exchanges.