Post
Topic
Board Marketplace
Re: Why Security in Crypto Matters?
by
o_e_l_e_o
on 11/04/2020, 21:46:17 UTC
I am very surprised to hear the Binance Market can be hacked
The hack I referred to above took place on May 7th last year for slightly more than 7,000 BTC. You can read more about it here: https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update
They were also hacked on August 7th last year, this time not for coins, but for a bunch of their customers' KYC data and documents: https://www.binance.com/en/blog/371631019142385664/Update--Action-Response-ThirdParty-Vendor-KYC-Matter

I think the binance market is the market number 1 largest of the top 10 best crypto markets in coinmarketcap to be completely safe from hackers.
There is no such thing as "completely safe" from hackers. Every exchange and every wallet has the potential to be hacked, but storing bitcoin on an exhange (regardless of how reputable you think it is) carries a significantly higher risk of losing your coins than storing them securely on your own wallet.