Binance in SAFU mode again !!!steemCreated with Sketch.

in #marlians5 years ago

Not so long ago you might still remembered that Binance was attacked by hackers and they stole a hell lot of BTC which was not covered from the hackers but good thing was that binance had a SAFU fund just in case of an emergency like that where everything can be controlled for users.

Recently yesterday the CEO of binance revealed that it their futures trading platform was under attack from one of its own market makers the BTC/USD pair price was crashed in seconds to $10,024 from the price of $10,324

This time they played smart as they used the index pricing system and not the market pricing which made them safe and only the attacker lost the money.

But the thing is that still these attempts are being made so better be safe than sorry always secure your crypto in hard wallets in case if you are just Holding and not trading with them on a daily basis..

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