Post
Topic
Board Altcoin Discussion
Re: Binance hacked. How can this affect altcoin market?
by
Frink
on 10/05/2019, 00:02:04 UTC
I think it doesn't affect much. binance will compensate the stolen investors. This will help binance be more interested by investors.

Only hot wallet was compromised, which makes about 2% of all funds. So users funds are safe.

This right here is the reason for hot and cold wallets.. so in other words, I'd actually say that their security mostly worked.