/biz/ - Business & Finance

>>13573390
The way I look at it. I have ETH locked up on Binance. If Binance tanks, that ETH is gone anyway. If Binance recovers, I expect a BNB spike. If you have shit stuck on Binance, you might as well put it in BNB, because if BNB doesn’t spike your money is gone anyway. Just have to find the bottom first.
>pro tip: Binance isnt going anywhere.

>>13568139
Threadly reminder that smaller exchanges have recovered from worse.

>>13565585
Oh wow, its fucking nothing

>>13565755
>>13565688
>>13565618
>>13565519
Threadly reminder that this hack is basically nothing. Yeah it probably sucks to be CZ right now, but most people would switch places with him in a heartbeat. He knows hes got it good in life and $41,000,000 isnt enough money to make him give all of that up. The same shit happened to Bithumb not too long ago. It was less money but a MUCH smaller exchange. They froze withdrawls and reopened just fine. Just reset your 2FA to be safe and wait a week. I would bet my left nut you get your money back. Im not stupid enough to keep my money on exchanges, but let this be a lesson to all of you who do. This could have been so much worse.
>pic related

Binance is the largest exchange in
>pic related
by far, and smaller exchanges have suffered much worse losses(in both % of total wealth and total $ stolen) before and recovered just fine. Numerous other exchanges have offered help to Binance because their income all depends on crypto doing well, and if Binance crashes all of crypto will take a massive hit. If you think this is the end of Binance, you are delusional.