Quote from: isaac_clarke22 on July 16, 2019, 02:14:38 PM

Quote from: Vishnu.Reang on July 16, 2019, 12:42:00 PM

Quote from: matt7 on July 16, 2019, 10:58:37 AM

Quote from: nutella_11 on July 16, 2019, 10:16:09 AM

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You have only yourselves to blame if you store the coins in exchange wallets and then lose them. More than 80% of the crypto-exchanges have been hacked at some point of time, and this includes all the major ones such as BTC-e/Wex, Mt Gox and Binance. The only scenario in which I would consider storing some of my coins in an exchange wallet is if the desktop wallet for that particular altcoin is very heavy and if the net worth is lower than $100.

It could still somehow be part of the responsibility of the exchange team themselves for the maintenance or security of the site actually, although most of it would be pointed to the users themselves because it isn't really recommended to store your coins in exchange wallets. It wouldn't be just building a village and letting these invaders in that easily. The team should still need to provide the support for those who were affected by hacks. I think Binance had recovered quite okay when it was just hacked recently this year

Binance users were lucky, because the robbery was detected while it was still in progress. The staff moved in quickly and froze the wallets before a lot of the coins could be transferred to the mixers. Probably the hacker team was not large enough to steal coins from large number of wallets simultaneously. But this doesn't guarantee anything. One thing is very clear. Binance can be hacked and it has serious flaws as far as the security is concerned.