@one_snowball: Woke up to find that Binance @binancezh had been hacked. But most of the discussion on social media seems to focus on a few points: 1. Did everyone buy the dip? When can we buy the dip? 2. What is the future direction of crypto security? How does it differ from security in traditional finance? 3. How will Binance compensate users? 4. Where the crypto market goes from here, bull and bear…
Summary
The author woke up to discover that Binance appeared to have been hacked and observed that social media discussions focused on when to buy the dip, the future of crypto security, Binance’s compensation plan, and whether the market would turn bullish or bearish. Almost no one questioned whether Binance would disappear with users’ funds or refuse to compensate them, reflecting users’ strong trust in the exchange.
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Woke up to find that Binance @binancezh had been hacked. But most of the discussion on social media has focused on a few things:
- Did everyone buy the dip? When can we buy the dip?
- What is the future direction of crypto security? How does it differ from traditional financial security?
- How will Binance compensate users?
- Where the crypto market is headed next, and how short-term bull and bear market cycles will change
But no one is discussing “Is Binance going to take the money and run?” or “What if Binance doesn’t compensate users?”
@cz_binance @heyibinance @yayabinance
In other words, almost everyone is subconsciously putting 100% trust in Binance, and so am I 😊
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