Post
Topic
Board Trading Discussion
Re: Binance Has Been Hacked - Lost 7,074 BTC
by
malikusama
on 10/05/2019, 00:45:17 UTC
From the same link you posted above:

Quote
Binance will use the #SAFU fund to cover this incident in full. No user funds will be affected.

In as much that their security has been breached, people are not concerned  about them using SAFU fund to cover the funds stolen. People will be withdrawing all their coins from their platform to keep their funds safe from any future hacks. Its quite surprising to see Binance been hacked with all their security measures and protocols.

Nothing is fully secure online, if you really care about your funds then don't put them on exchanges for a long time.
Btw I am glad to hear this statement above that "No user funds will be affected", this is what a reputed and trusted exchange should do.