/biz/ - Business & Finance

reminder to also buy the bnb dip

>>13560463
I thought bank could just reverted the transfer

>>13560463
unironically true

can anyone else not login?

>>13560477
my card got hacked my bank told me it's not there problem they can't do shit

>>13560463
>Binance will become the single most trusted financial institution on the planet

Lmao, no.

Some Chink Ponzi casino that avoids all major regulatory jurisdictions is not even remotely trust worthy.

They're not even at the same tier as a sub-prime, tier-B mortgage lender.

>>13560463
>single most trusted financial institution on the planet
Funds are only SAFU until they've lost so much that they run on a fractional reserve.
You have to know that there were more hacks in 2018 which they kept secret. Their security doesn't seem to be very good so it's only a question of time when the next hack will happen.
just like with mtgox

its unbelievable that this fucktard is printing millions every month, has been hacked several times and no financial overseeir seems to have a problem with it.

>>13560463
Whiteoids can't stand the fact that a Chinese man is dominating the cryptosphere

Unlock deposits and withdrawals and then we'll talk

>>13560493
you used debit didnt you. If you use there money they will eat the loss

>>13560463
Yep, not even shitposting but I agree with you 100% OP. CZ is fucking based.

FUNDS

>>13560532
Whos problem is that people buy his printed millions ? not his.

>>13560532
you can go back to traditional banks. This was the whole point of crypto. Stop crying when things go wrong for you

>>13560558
ARE

>>13560518
>>13560503
>$41,000,000
>affecting Binance to the point of fractional reserve
The SAFU fund has plenty in it to cover the loss. Even if it didnt, CZ is a billionaire himself. He obviously believes in crypto as an ideology, and likely has a lot of his personal wealth invested in BTC. If he was smart(which I dont think there is any way to debate that he isnt) he would realize that paying that $41,000,000 could make him the worlds first trillionaire with the market surge that would come afterwards. I actually bought BNB after the news broke, this is the black swan event that kicks off the golden bullrun. CZ is going to become a god among men. Dont take this information lightly, I am never wrong.

MISSING

>>13560463
>I own bitcoin so you should buy bitcoin despite the obvious scammyness
Do you realize how stupid you sound?

>>13560834
Dont listen to me then. I wouldnt keep any loaded guns within arms reach if I were you. The desire to taste lead would get the best of me if someone straight up told me the future, and I missed a chance to retire based on this information.

>>13560730
hes a shitty chink scammer and you are a pajeet hired by binance.

>>13560463
Can anyone tell me steps I need to take if I have funds on there, if any? I haven't logged in yet but I'm about to.

>>13560957
I wouldnt log in. There was a security breach, so just wait it out. You cant deposit or withdraw anything right now anyway. Either CZ follows through and you will be rich in like a week, or he doesn't and your crypto is gone. Either way, theres nothing you can do at the moment anyway.

>>13560957
I wouldnt log in. There was a security breach, so just wait it out. You cant deposit or withdraw anything right now anyway. Either CZ follows through and you will be rich in like a week, or he doesn't and your crypto is gone. Either way, theres nothing you can do at the moment.

>>13560999
I haven't logged in yet, but are you sure? I keep seeing people mention resetting 2FA, which sounds retarded, but if anyone can't withdraw it wouldn't matter anyway.

>>13561106
I havent heard anything about resetting 2FA. Might not be a bad idea, but most users were not affected. The Binance hot wallet is pretty much the only thing that got fucked. Im just waiting it out, I know how to avoid phishing scams so I am not worried personally.

>>13560463
>tether heat
>""hack"" your own exchange to buy finex leo
>guys we were hacked

>>13560463
you filthy chink apologist. kys

i love the coping bulltard mental gymnastics. let me try to explain to you
bitcoin "rollback" = planned reorg = centralized shitcoin = worth $0.
you can try to use your mental gymnastics abilities all you want but that is the truth. if the reorg happens none of you clowns can ever spew out the world "decentralized", "sound money" or "censorship resistant"

>>13561274
He isnt doing a rollback. Worst case scenario for CZ, he pays back the 7k BTC out of his billionaire pockets. Obviously this is not the preferred option, but its nothing compared to what Binance will net him if it’s demonstrated to be insured at over $41,000,000. I wouldnt be surprised if he planned the hack himself just so he could do this.

>>13560463
>Most banks wont even give you $400 if someone manages to steal it from your checking account, let alone $40,000,000.

retard. the money was stolen from binance wallet not from personal accounts. If a bank gets robbed you still get your money bank and even if the bank goes bankrupt up to 250,000 are insured by the government

>>13561435
It wasnt just the hot wallet that got robbed, though that was the majority. Lrn2read.

>>13561154
Hmm so it was data phished from people? If that is the case I should be fine as well, but I'm still having a hard time understanding what exactly happened, and I just want to make mistakes, so maybe doing nothing is best. You think this will actually blow over in a week, with SAFU used as intended, all parties reimbursed, and withdraws/deposits resumed?

>>13561455
fuck lol

>>13561448
yes it was pajeet. learn to comprehend english

>>13561154
It was users that were hacked because they were stupid with their info and got phished. Nobody hacked binance's servers. The malicious party phished info from people and logged into their accounts with it. The only part of it that is a failing on binance is that they didn't catch it. But this is the same as some retards who gave their WoW account information to hackers who then steal the account and sell it. It wouldn't be Blizzard that had the security flaw, it would be the users fault.

>>13561435
>>13561448
It was from personal accounts you absolute retards. BINANCE FUNDS WITHDRAWLS FROM THEIR HOTWALLET. THERE ISN'T AN INDIVIDUAL WALLET FOR EACH ACCOUNT. THAT IS WHY YOU ARE HAVING SUCH TROUBLE FIGURING OUT WHAT THE FUCK HAPPENED BECAUSE YOU DONT HAVE A BASIC UNDERSTANDING OF HOW THIS WORKS

>>13561536
>nervousness intensifies
There there, there there

>>13561536
hello chengpeng zhao.. CIAO... open withrawals nigga im tired of this shit so I can never come back on your shit tier yellow muzzle gook exchange

>>13561536
>it was from personal accounts
>there is no individual wallet for each account
way to contradict yourself brainlet. there are no personal wallet, there is only a binance wallet and thats where the money were stolen from. it was all in a single transaction from a single wallet

>>13560546
it's actually a black man that is dominating the cryptopshere, but your point stands.

>>13561309
his billionaire pockets? dude might be a billionaire on paper, but that doesn't mean he's liquid. desu, that billionaire status was probably given to him at the end of the last bullrun, when all his digital assets were up 90% from where they are now. this guy is all in on crypto. what do you wanna bet he's no billionaire anymore?

>>13561554
>there there, they're there

>>13561455
I think CZ stands to make much more money from continuing to run the most reputable exchange around than the $41,000,000 he would keep by exiting.

>>13560463
Well, you are not wrong anon

>Think about it.

>>13560699
SAFU

>>13560463
This is PR bs