Binance Hacked for 7000 Bitcoins – Does This Mean They Are A “Scam”?

Our top rated crypto exchange, Binance uncovered a large scale security breach on May 7th 2019.

The hackers were able to withdraw 7000 BTC in this one transaction:

They have temporarily disabled deposits and withdraws until they complete an investigation.

The good news is that Binance is using the #SAFU fund (secure asset fund for users) to cover the incident in full.

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