No surprise here. Just another ticking time bomb where the clock ran out. The next one is already counting down. Expect nothing to change. We'll be having this same discussion again soon enough.
Binance is collecting millions in fees. Can it be given an excuse to be this incompetent?
I think you're looking at this tragic event in a very wrong way. They are not incompetent, they are not to blame for have thieves in this crypto world. The biggest problem is the thieves, no one can say that it has an impenetrable security system... there is always some damn thief who will find a way to steal in the system that is considered the safest in the world. We must fight to reduce the actions of these criminals and there must be very harsh penalties against these criminals
If not incompetent, then certainly arrogant. To think you can keep thousands of BTC in a hotwallet where access is enabled via API keys and then pretend you aren't going to suffer the exact same fate as other exchanges that have lost funds in the same manner is astoundingly hard-headed.