Quote from: nyatso88 on May 09, 2019, 08:47:12 AM

Quote from: NetwknGRU on May 08, 2019, 02:06:05 PM

Quote from: nyatso88 on May 08, 2019, 01:54:47 PM

So, I just read on c[Suspicious link removed]m, that hackers have stolen 7000 bitcoin from Binance, how devastating. What can be done to further secure exchanges?

OMG Thats bad... That brings back the topic we always used to debate on about Centralized and Decentralized exchanges..... My question is are we ever really secure in a Centralized exchange? Huh

Most of the big hacks that made News where mainly Centralized..

I dont think so. Read that Binance considered doing away with centrality and so miners could form a consensus to wield 51% of the networks hashing power to reorganize the blockchains transactions after the loss. But they decide not to take that approach.

I bet they really regret that, They would have avoided a lot of pain. Currently, all withdrawal and deposit actions are marked Suspend and cannot be carried out on the exchange, but rumor has it They will resume on Tuesday.