Post
Topic
Board Exchanges
Re: Binance BTC Hack is due to 2FA
by
bob123
on 09/05/2019, 11:17:17 UTC
One solution is just to use DEX, We need people to start using DEX and protect themselves from hackers, We should be responsible for our own protection.

People weren't able to protect their API-keys and 2FA codes which lead to the loss of funds.
So how should they going to be capable of protecting their private keys..



This is really bad news... Binance should have invested more in security

Binance's security is fine. Based on all information, it is each users fault for not protecting his 2FA codes / API keys.
It hasn't been mentioned anywhere that there was some security breach.



Whatever they claimed that they are safe, hackers job is to keep trying to penetrate the security of the exchange so for sure they will find ways
to do that

That's true, but in this case it the fault of each affected user individually.



To use an analogy, instead of investing in 3 padlocks, it would be more secure to invest in a Safe.

It is the user who has to use the safe (i.e. securely storing api key / 2FA codes).
Binance can't force anyone to protect their password / 2FA code / etc..