April 28, 2025
Blockchain

This is for those who have money on Binance: hundreds of millions of dollars in loss from hacking out of your pocket?

  • October 10, 2022
  • 0

Cryptocurrency investors have been very nervous lately. Launched by the founders of Binance BNB chain The blockchain called hacker attack exposed. The hacker or hackers exploiting the vulnerability

Cryptocurrency investors have been very nervous lately. Launched by the founders of Binance BNB chain The blockchain called hacker attack exposed. The hacker or hackers exploiting the vulnerability in the chain is worth $100 million, according to the official statement, according to outside sources. worth $570 million They minted Binance Coin (BNB) and transferred it to their own account.

From Binance on the incident official statement has arrived. In the statement, between BNB Chain and Binance there is no link and it was said that the attack did not affect Binance. Moreover Binance CEO CZIn his post on Twitter, giant news sources “Binance hackedThe news headlined “came out loud and”The quality of the news needs to be improved.he declared.

We asked cryptocurrency expert Oytun Es: So what was the truth? How will the hack attack affect the cryptocurrency investor?

In the hack attack on BNB Chain talk about a lot of money And after the Binance front made some harsh statements, we wanted to ask someone who knows the details of this event. The name, who agreed to answer our questions, is a cryptocurrency expert and Crypto technology co-founder of YouTube channel Oytun Es it happened.

With Oytun Es, the hacking incident in BNB Chain we talked about the details. If you like, let’s take a look at the questions we asked and the answers we got.

Binance said the attack had nothing to do with them. Was this explanation correct?

Bridges are one of the most tricky parts of the cryptocurrency world. Looking at the last process, most of the hacking events take place from the vulnerabilities on this side. In the last example, there is a hack on the BNB Chain, again across the bridge. Binance has a responsibility here. However, with the swift action they took, they were able to resolve larger grievances. they came forward.

Will the attack lower the price of BNB or other cryptocurrencies? Is there a buying opportunity for the investor waiting in an ambush?

In this regard, I don’t think there will be significant sales through BNB and other cryptocurrencies. before the topic grows in dissolved state. As a cryptocurrency ecosystem we’ve seen a lot worse.

How does Binance or BNB Chain get out of here? Are they investigated, fined or confronted with entry bans? Are there among the authorities who go to prison?

It is unlikely that Binance will undergo an investigation into this matter. anyway no regulation. Blockchain software is still in its infancy. Unfortunately, such undesirable situations will come true. No investigation, no jail time will not.

Cryptocurrencies are said to be reliable. However, $100 million (according to the official statement) could be stolen in one item. The LUNA incident had already shaken up the market. How will trust be created? If it’s safe, how is such a big theft possible?

Crawl in phase We are talking about technologies. There will be some unwanted accidents in this development process. It is important that these problems take action quickly and to avoid major complaints.

If the investor’s money was stolen, should Binance cover it? After all, there was a theft and there is some damage. Who will pay for this damage?

Binance Exchange has always been dealing with grievances. he was sensitive. In the event of a major victimization, in my personal opinion, he will do his best again. What they keep in the about them column there are special funds.

What should investors do to avoid falling victim?

In order not to become a victim of the investor, as much as possible from the bridges. should stay away. In fact, this issue concerns the majority of investors. no subject. For those who buy a crypto asset and store it in their own wallet. no problem.

Despite everything, do you believe in the future of cryptocurrencies?

The future of cryptocurrencies I believe with all my heart. Any major development is painful. We are talking about a technology that is currently in its infancy. Many projects are still in their infancy. Over the years much more sitting We will have an ecosystem.

Do you have a cryptocurrency investment and what do you plan to do after the hack?

Yes, I have investments in cryptocurrency and I will continue to do so. to be continued. This is not the first hack that this ecosystem has undergone. There will be hack cases from now on. Sure, putting all your assets here is a big risk, but it’s a business with such great potential. stay out of the process I think it’s more risky.

Source: Web Tekno

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