Thanks for this info!

If you really think about it, this is great Binance PR.

They never have to shell out a dime; yet, they have gotten the attention of newcomers, by showing that they're not only one step ahead of the hackers (by thwarting an attempt); BUT, they are willing to pay top dollar to catch the would-be thieves.

Most people only care what would happen to their coins if the system was hacked. Are they guaranteed up to $250K as in US banks. Prolly not, considering exchanges are not banks.

Worth extending...exchanges are for exchanging assets. They are not a Wallet.

This reminds me: Open Ledger is both an exchange and a wallet. I hope this dex can really gain attention and get more valuable assets. A lot of work is going into it, and I perceive it will be a competitor with the big exchanges eventually...hope so any way.

Best regards.

Peace.