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Binance hack was 44 million (7000 * current btc price) not 400 million, right? https://www.ccn.com/stolen-bitcoin-moved-spiders-web-binance-wallets https://www

• mthoms 7y ago
  It's worth noting they have an emergency fund set aside for this purpose. Every penny lost is said to be covered. Time will tell if that holds true of course. Personally, I think their professional handling of the hack is partially responsible for the recent surge in investor confidence. Hacks will happen. Binance is far from perfect. But the way they prepared for, and handled the hack is to be commended IMHO. https://www.binance.com/en/support/articles/360028031711 https://www.binance.com/en/support/articles/360028031711 https://www.binance.com/en/blog/333497959022997504/Binance-Security-Incident-Update-2 https://www.binance.com/en/blog/333497959022997504/Binance-S... https://www.binance.vision/glossary/secure-asset-fund-for-users https://www.binance.vision/glossary/secure-asset-fund-for-us...