Quote from: DebitMe on July 14, 2019, 07:42:13 PM

Quote from: r95222 on July 14, 2019, 07:37:09 PM

Quote from: JollyGood on June 27, 2019, 12:28:16 PM

Quote from: romero121 on May 12, 2019, 02:55:49 AM

Possibly one more hack will surely make them go low, but in the present scenario they have come up with their own reserve to keep the users without getting affected of loss. This could've never been possible with other leading exchanges. Anymore they'll make further developments to keep the security systems more effective with advanced security tools.

Seems they have understood that if they get hacked again they will lose many users so they must be focusing on security.

Binance is holding too many coins from people that do not want to download and sync blockchains for every coin they have. That is the biggest reason people target exchanges.

Ye, it's a big mistake. But Binance is full of such traders that don't want to hold in the cold storage because it's impossible. I'm afraid MtGox recurrence only. Holdings 'as is' not bad. But with too much pseudo traders it can become dangerous

The world of MTGox was very different than it is now. I dont think something similar would happen with binance as everything has matured since then. There will always be risks, but something of the likes of MRGox wont happen again.

Yes the days of MtGox are gone but when other exchanges go the same way such as Cryptopia and others then people rightly still worry.

Maybe Binance will not go that way but the hack exposes flaws in Binance and serves a reminder to us all that crypto on any exchange will never be fully safe and secure.

I hope other exchanges step up and show others t hat they can compete with Binance and not allow Binance to dominate so easily.