Can't they invest enough in security, I don't understand
They don't want to invest in security because behind the scene, the hackers are their own employees lol I mean it's 2019, do you seriously believe all these exchanges actually get hacked? It's just a way to escape the system, escape the customers, escape the laws with an excuse and no fines at all. They call it an exit scam.
Why/how would binance profit from leaking a couple thousand KYC docs/selfies from people?
If anything, it is extremely bad PR for them, and drives people away from using them.
Meanwhile the data itself really has little to none intrinsic value as most of it is already used and timestamped. (Most pictures at least.) So, really, it's only good for blackmailing.
lol, this looks just like another exchange selling its users' KYC documents on the dark market and pocketing the money then pretending it was a hack. they have good excuses for it too since they got hacked a while ago and they are linking this to that.
how many times these centralized exchanges have to sell our personal data before we at least stop using them for altcoin versus bitcoin trades and only stick to them when fiat is involved?
https://www.theblockcrypto.com/tiny/binance-brought-in-78-million-in-profits-in-q1-up-66-quarter-on-quarter/Why put your reputation on the line for a couple thousand KYC pics while your quarterly profits are 78 million? Doesn't add up