Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

❕NEWS Binance CEO speaks out on DeFi hack

AudraMiller

Sapphire Member
LV
0
 
Joined
Sep 24, 2020
Messages
7,707
Reaction score
170
Points
150
Awards
1
BMF Points
$4,888
When it comes to a security concern that results in a hack I think that it is very important that it is addressed as soon as possible and also that the owner or CEO of the company speak about the hack to its customer base as well, as this will allow them to regain confidence in the platform and allow the platform to not lose face as well. Especially in the cryptocurrency community, there is a lot of different websites that are able to offer you these platforms and therefore changing from one to another is not a major step. In the recent hack that has happened on the DeFi project that is hosted by Binance, the CEO has stepped up to address it saying that risk is inevitable. Do you think that such a statement is justified after a hack, and will this cause people to lose confidence in this platform? Do you think that this will stop people from investing in DeFi projects?
 
I think he has spoken the truth and people won't care much unless any significant activity had happened so things should go on smooth
 
As far as centralized exchanges are concerned , hacking of the exchange will surely come to play and we have to work towards saving less money in the exchanges
 
Well that's Right said by you , Always Hardware Wallets the best options if you are Really big holder so you can save your money from such things
 
As far as centralized exchanges are concerned , hacking of the exchange will surely come to play and we have to work towards saving less money in the exchanges
Some hackers are doing hacking as a day job so it will be better to play safe and this should be on both the users and platform too. It will help everyone overcome this attack
 
Seriously DeFi projects are now the most commonest crypto projects that are being hacked everyday in the crypto community. But sometimes it's the co-developers that leak the codes for hackers.
 
Their is nothing wrong with the words of Binance CEO changpeng Zhao when he said the risk is there. Cryptocurrency is always full of risk, it's simply left with us to take the bow and invest no matter the risk.
 
Their is nothing wrong with the words of Binance CEO changpeng Zhao when he said the risk is there. Cryptocurrency is always full of risk, it's simply left with us to take the bow and invest no matter the risk.
no doubt it is a fact that cryptocurrency risky and that is why is always stated in on binance and you should be prepared for the risk. DeFi are usually the target of most of the hackers probably because the sector is still growing
 
no doubt it is a fact that cryptocurrency risky and that is why is always stated in on binance and you should be prepared for the risk. DeFi are usually the target of most of the hackers probably because the sector is still growing
Yes, it's always advised that we should be careful enough, manage risk because the market of defi is saturated with risks due to the effect of malicious hackers.
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.