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Binance Hackers only stole Bitcoin for this an important reason



Hackers stole $ 40 million in Bitcoin from the cryptocurrency exchange Binance, especially because they trusted it most.


Bitcoin Ledger is the most inhumane & # 39;

That was the conclusion circulating among the cryptocurrency community on May 8 in the days after one of the world's largest trading platforms accepted, it was unlikely to recover the funds and had to pay back users out of their own pocket.

Hackers succeeded in bypassing Binance's security protocols earlier in the week, and launched what leaders said was a coordinated attack.

A technical overview of the event followed warnings from CEO Changpeng Zhao (known as CZ) that some user accounts may still be

0 0 fell only $ 200 and for one case.

As Bitcoinist reported, markets rapidly shaken by the impact of the attack, Bitcoin price 0 0 of hours before rebounding.

But the debate on Binance's handling of the hack ̵

1; focusing on an idea that Zhao entertained to repress today's transactions – continued.

Known as a "reorg", the plan, which Binance discussed with Bitcoin Core contributors and others, formed an area of ​​controversy, with all parties finally understanding that "editing" the Bitcoin blocks would require a gigantic consensus effort.

Unlike some other more centralized block chains, Bitcoin is so assured that the entire mining operation accepts an unorthodox method of To return a small amount of money would be next to impossible, the numbers say.

Zhao also seems to have noticed the mistake of even giving the idea.

"To put this to bed, it's not possible," wrote Zhao.

Bitcoin Ledger is the most immutable ledger on the planet. Done

This, commentators said, is testimony to Bitcoin's superiority over other cryptocurrencies; The hackers chose to steal it because they knew it was next to no chance of a rookie succeeding.

Testament To Bitcoin's Value & # 39;

Food Odell sincerely summarized on Twitter:

The reason bitcoin was stolen from the binance and not any of the 100's of shitcoins they offer is precisely because these chains are easy to roll – or freeze – while bitcoin is not.

Nevertheless, an attempt to make life difficult for the hackers continues, with Zhao thanking companies for identifying and blocking the affected funds as they move.

 changpeng zhao cz binance

"I would like to thank all peer exchanges, wallets, security / analytical teams and other service providers for answering us and helping us in need , and blocking fraudulent transactions, "he wrote on .

Add to their own opinion, Charlie Shrem noted that the possibility that everyone could track and track $ 40 million on an unchanging leader was "testament to Bitcoin's value."

On Thursday, the Bitcoin prize had broken the significant $ 6,000 barrier to sustaining fresh support in its now six-week bull run.

What do you think of Binance hacker's choice of crypto competition? Please let us know in the comments below!


Pictures via Shutterstock


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