It’s been almost two weeks since the world’s largest cryptocurrency exchange, Binance, lost $40 million dollars to hackers. Since then, users have been wondering what happened to their account and how they can get their money back.
Binance released a statement shortly after the hack was first reported, saying that they had “detected unusual trading activity on our platform.” The exchange then halted all withdrawals and deposits while they investigated the matter further.
A few days later, Binance announced that they had “successfully identified the hackers’ addresses,” and that they would be “covering all losses incurred by [their] users.” However, they did not say how long it would take to refund all of the affected users.
NOTE: WARNING: Protecting your Binance account is essential to securing your digital assets. Be wary of any suspicious activity on your account and never share your account credentials or other personal information with anyone. If you believe that your Binance account has been compromised, take immediate action by reporting the issue to Binance customer service and changing your login credentials immediately.
Since then, there has been no update from Binance on the status of the hack or when users can expect to get their money back. This has led to a lot of speculation and frustration from the crypto community.
Some believe that Binance is intentionally dragging its feet in order to avoid paying out the full amount of money that was stolen. Others think that the exchange is simply overwhelmed by the sheer number of people who were affected by the hack.
Regardless of the reason, it’s clear that something is taking longer than expected when it comes to Binance refunding its users. Until we get more information from the exchange, we won’t know for sure what happened to our account or when we can expect to get our money back.
10 Related Question Answers Found
It’s been over two weeks since the popular cryptocurrency exchange Binance suspended all withdrawals from its US platform. Binance.US, as it’s called, is a joint venture between Binance and an American fintech company. It was launched only a few months ago in September 2019.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been “hacked” in a major security breach. The hack took place on May 7, 2019 and resulted in the loss of 7,000 Bitcoin (BTC), worth over $40 million at the time. The hack was first detected by Binance’s security team, which immediately initiated a “thorough security review.” As part of this review, Binance suspended all withdrawals and trading on its platform.
Binance is one of the most popular cryptocurrency exchanges out there. It’s been around since 2017 and has grown to become one of the biggest exchanges in terms of trading volume. So what happened to Binance?
Binance was founded in 2017 by Changpeng Zhao, who is also its current CEO. The cryptocurrency exchange is one of the most popular in the world with over 10 million users. It allows trading in over 150 cryptocurrencies and provides a platform for Initial Coin Offerings (ICOs).
On July 14, 2019, the popular cryptocurrency exchange Binance announced that it would be delisting lending platform Lend from its platform. Lend is a decentralized lending protocol built on the Ethereum blockchain that allows users to earn interest on their digital assets. This news came as a surprise to the crypto community, as Binance is one of the largest and most popular exchanges in the world.
It’s been a little over two weeks since the world’s largest cryptocurrency exchange, Binance, announced it would be adding Ven (VET) to its platform. The announcement sent shockwaves through the crypto community, as many were surprised to see such a small token added to one of the biggest exchanges. Since then, there has been a lot of speculation as to why Binance would add such a small token to its platform.
Assuming you would like an article discussing the implications of disabling a Binance account:
When you disable your Binance account, you are essentially cutting yourself off from the platform. This means you will no longer be able to trade cryptocurrencies, access your account details, or use any of the other features that Binance offers. In short, it will be as if you never had an account on the site in the first place. .
Eng was a token created by the team at Enigma, a startup working on privacy solutions for decentralized applications. The token sale for Eng took place on the Binance Launchpad, and raised over $4 million. However, just a few months after the token sale, the Enigma team announced that they would be delisting Eng from Binance, and moving it to a new exchange.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded in 2017 by Changpeng Zhao, who is also the CEO of the company.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is in the midst of a major expansion. The Malta-based company announced today that it has acquired Trust Wallet, a popular mobile wallet app with support for Ethereum and over 20,000 different tokens. This is just the latest in a string of acquisitions and partnerships that Binance has made over the past year as it looks to solidify its position as the leading cryptocurrency exchange.
