Binance, the world’s largest cryptocurrency exchange by trading volume, has been a Target of hackers since it was founded in 2017.

In July 2018, hackers stole more than $30 million worth of digital currency from Binance. The attack affected both Binance’s hot wallet (an online wallet connected to the internet) and its cold wallet (a offline wallet not connected to the internet).

Binance CEO Changpeng Zhao immediately announced that all stolen funds would be reimbursed from the company’s “Secure Asset Fund for Users” (SAFU), a risk management fund that Binance set up in case of an attack.

This attack was a wake-up call for Binance and other exchanges. It highlighted the need for better security measures to protect user funds.

Binance has since implemented a number of security improvements, including multi-factor authentication, hardware security keys, and withdrawal limits. It has also created a dedicated Security team and established a Bug Bounty program to encourage researchers to report vulnerabilities.

Despite these measures, Binance was hacked again in May 2019. This time, hackers stole 7,000 Bitcoin (worth about $40 million at the time) from the exchange’s hot wallet.

Once again, Binance reimbursed all stolen funds from SAFU. And once again, it pledged to improve its security measures.

The most recent hack on Binance occurred in December 2020. This time, hackers used phishing attacks to steal more than $15 million worth of cryptocurrency from user accounts.

Once again, Binance reimbursed all stolen funds from SAFU and vowed to improve its security measures. The exchange also announced that it would be “donating” $10 million to help “accelerate the development of open-source security tools.”

So far, Binance has been successful in reimbursing all stolen funds and maintaining user confidence in the exchange. But the question remains: are funds safe in Binance?

The answer is complicated. On one hand, Binance has taken significant steps to improve its security measures and is quick to reimburse users when hacks do occur.

On the other hand, it seems that no exchange is completely safe from hacking attempts – no matter how many safety precautions are put in place.

Islamic scholars have long debated the permissibility of futures contracts. The general consensus is that they are permissible if the underlying asset is permissible, and if the contract is settled in cash.

However, there is some disagreement about whether cryptocurrency futures are permissible.

Binance is a cryptocurrency exchange that offers futures contracts on a variety of cryptocurrencies. Some of the cryptocurrencies that are available for trading on Binance Futures include Bitcoin, Ethereum, Litecoin, and XRP.

The vast majority of Islamic scholars would say that Binance Futures contracts are permissible as long as the underlying asset is permissible. However, there are a few scholars who have raised concerns about the permissibility of cryptocurrency futures.

One of the main concerns is that cryptocurrencies are not well-regulated. This could lead to manipulation and speculation, which could ultimately hurt investors.

Another concern is that cryptocurrencies are often used for illegal activities, such as money laundering and financing terrorism.

However, it is important to note that Binance Futures contracts are cash-settled. This means that there is no actual exchange of the underlying asset taking place.

Instead, investors simply agree to buy or sell an asset at a certain price at a future date. This reduces the risk of manipulation and speculation, as there is no actual asset to buy or sell.

Overall, it is up to each individual Muslim to decide whether they believe Binance Futures contracts are permissible or not. However, the vast majority of Islamic scholars would say that they are permissible as long as the underlying asset is permissible and the contract is cash-settled.

If you want to get your trading bot on Binance, there are a few things you need to do. First, you need to create an account on the Binance website.

Once you have done this, you will need to create a new API key. To do this, go to the ‘API’ section of the website and click on the ‘Create New API Key’ button.

Enter a name for your key and then click on the ‘Create’ button. You will then be shown a page with your key and secret.

Make sure to copy and paste these into a safe place as you will need them later.

Next, you need to download and install the Binance trading bot software. Once you have done this, open the software and enter your API key and secret into the appropriate fields. You can then start trading!.

If you are a Binance user, you may have noticed that your account has been suspended. This can be a frustrating experience, especially if you are not sure why it happened.

There are a few possible reasons for why your Binance account may have been suspended.

One possibility is that you have violated the terms of service. Binance has a strict set of rules that all users must follow. If you have broken one of these rules, your account may have been automatically suspended.

For example, Binance does not allow users to engage in margin trading. If you were caught margin trading on Binance, your account would likely be suspended.

Another possibility is that your account has been flagged for suspicious activity. Binance has sophisticated systems in place to detect when users are engaging in activities that could be considered fraud or money laundering.

If your account has been flagged for suspicious activity, it will likely be suspended until the investigation is complete.

If your Binance account has been suspended, the best course of action is to contact customer support and explain the situation. They will be able to tell you why your account was suspended and help you resolve the issue so that you can get back to trading on Binance.

If you’re a U.S. citizen trying to access your Binance account, you might be wondering why your trading is disabled. The answer is actually quite simple – due to regulatory reasons, Binance is not currently allowed to offer services to U.

S. citizens.

This might seem unfair, but it’s important to remember that the U. has some of the strictest lAWS and regulations when it comes to financial services. So while it might be frustrating to U. citizens who want to use Binance, the reality is that Binance is just following the law.

It’s also worth noting that this situation could change in the future. As the cryptocurrency industry matures and becomes more regulated, there’s a possibility that Binance will be able to offer its services to U.

citizens once again. So if you’re patient, you might be able to use Binance in the future after all.

In conclusion, the reason why Binance US trading is currently disabled is because of regulatory reasons. However, this could change in the future as the cryptocurrency industry matures and becomes more regulated. So if you’re a U. citizen who wants to use Binance, you might just have to be patient for now.