Daily- Binance - FUNDS are SAFU

in dlive •  6 months ago

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Binance experienced a crazy surge in SYScoin price, with a single SYScoin fetching up to 96 BTC!! Luckily this was caught by the system and the irregular trades were reversed.
1:03 Market Recap
1:17 Binance Irregular Trades (Binance SAFU)
4:13 Ethereum Gas Price Surge
5:11 India Bitcoin Ban
https://www.asiacryptotoday.com/binance-syscoin-sys-exploitation-potentially-hacked-for-45-million-announces-unplanned-maintenance/
https://support.binance.com/hc/en-us/articles/360006675312
http://bitcoinist.com/india-bitcoin-bank-ban-july-5/

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Hi boxmining if they do so same thing in future how can be we safe? One day will hack the exchange and we will loose.

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depends if the hack is on hot wallets or cold wallets. if hotwallets are hacked usually the exchange can make enough to cover the losses.

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Hello @acryptoverse
Use allways, Hardware wallet like #Trezor or #ledzer and secure your crypto currency parmanently.

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You should store the majority of your holdings on a cold wallet and only keep your trading positions on exchanges. That way if a major hack were to happen you wouldn't have to worry about potentially losing it all.

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but we don't know the hackers is on hot wallet or cold wallet,I think you should better store your holdings half of each wallet , in this way, you can take little risk of these.

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I believe Binance has this under control, it seems more prevalent lately. I have some funds on Binance but i like to use air gapped cold wallet’s for most everything 😎

I checked my Binance account a few hours ago and withdrawls and deposits were working fine. I was checking to see if Tron was available for withdrawal, it wasn’t. but I did notice that EOS withdrawals were active.

@boxmining thanks for sharing this information with us. RBI ban may be court give stay on this on 20th July hearing.

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you're welcome

Binance is also establishing a Secure Asset Fund for Users (SAFU)” . This is perfect. Funds are SAFU.

@boxmining
You are the best......
I allwasy follows you and upvoted your post, just now i upvote you & you get 0.09$ for me.
So please support me.

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thanks for your upvote, i will support you .

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It's my pleasure.

Fundsu are safu