Hi,
Binance was hacked for the first time few hours ago.
At first they tweeted this post:
Only maintenance? Funds are SAFU?
After that they explained what happened:
What does it mean for us?
1. The biggest and most trusted exchange was hacked - funds are not safe when you hold them on CEX - finally confirmed by the biggest one.
2. Binance lied and maybe this is not for the first time? Is it really good exchange as we think?
3. Bull market confirmed? Bitcoin price wasn´t affected by this, that doesn´t make any sense, since it is one of the biggest negative news this year! (the view of the centralized exchanges will change completely).
They never said all the funds were safe but all the user funds will be safe if there is any lost they will refund the amount as well.Binance was hacked for the first time few hours ago.
At first they tweeted this post:
Only maintenance? Funds are SAFU?
After that they explained what happened:
What does it mean for us?
1. The biggest and most trusted exchange was hacked - funds are not safe when you hold them on CEX - finally confirmed by the biggest one.
2. Binance lied and maybe this is not for the first time? Is it really good exchange as we think?
3. Bull market confirmed? Bitcoin price wasn´t affected by this, that doesn´t make any sense, since it is one of the biggest negative news this year! (the view of the centralized exchanges will change completely).
Even after the hack the price didn't fell because more people are entering into the market and the hacked amount is not much bigger compared to daily volume.