Re: Will it affect you in any way if Binance completely shuts down ?
After FTX went down why would you keep your money on an exchange, and besides, this is not losing faith in crypto, it's losing faith in a centralized exchange that wasn't even supposed to exist in the first place, you know, all that thing about being your own bank and stuff?
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But Sir, isn't CZ our great leader and aren't our coins SAFU? Even if he is hacked, the great leader will surely give all the tens of billions he earned to his clients - because he's a jolly good fellow, which nob'dy can deny
What the average user of the forum thinks, maybe this post shows best ->
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I was a victim of two hacks on centralized platform before and one paid back after a year, the other doesn't even takes a month, this is why I still recommend Binance exchange to anyone out there because they have the best interest for their business in mind.
Binance cares about it's users and also it's reputation, hacks took place with trust wallet and it doesn't even take them long to pay back all those affected, that's because they already have damage funds available.
I am not saying something bad can't happen to Binance but there is a difference in a platform that cares about it's rep and one that does not care, if MT GOX want to refund all the money they could have already, because it's been too long already, so stop bringing their case back, it's all gone.
I was a victim of two hacks on centralized platform before and one paid back after a year, the other doesn't even takes a month, this is why I still recommend Binance exchange to anyone out there because they have the best interest for their business in mind.
Binance cares about it's users and also it's reputation, hacks took place with trust wallet and it doesn't even take them long to pay back all those affected, that's because they already have damage funds available.
I am not saying something bad can't happen to Binance but there is a difference in a platform that cares about it's rep and one that does not care, if MT GOX want to refund all the money they could have already, because it's been too long already, so stop bringing their case back, it's all gone.