Post
Topic
Board Press
Re: [2019-05-08] Binance Confirms 7000BTC ($40m) Security Breach
by
figmentofmyass
on 11/05/2019, 06:26:00 UTC
How high is the possibility that the hack was only a show used as an excuse to release Binance's secure asset fund for users, also known as SAFU? Would Binance be capable of this or are they plainly just incompetent?

"safu" is just a word for "binance's reserves". it's already their money. i'm pretty sure the optics around getting hacked are not worth the payoff for binance no matter what.

side note, their usage of "safu" is not in the best taste either. it always irked me. the name is poking fund at wex users, who as we all know, lost everything.