and some unscruplulous ones with malfeasant ethics are busy learning solidity btw, BTC is a crypto crypto is not BTC
This one has already been fixed and only impacted those who used this particular bridge while the hack was active. It's important to keep in mind that no wallet was directly plundered. All these "crypto hacks" aren't going into people's wallets and taking tokens. You can protect yourself from smart contract bugs by sending small test transactions before sending larger ones or just breaking your transaction into smaller transactions. BNB continues to outperform Bitcoin and Ethereum.
I am glad binance it's solid. I use its wallets after years of paper wallet. I owned BNB too, bought it at around 30 and sold it for about x12 return after few years.
For Binance, 100mm is just a rounding error. Also, bridges are to be deprecated, because of this very reason. It is a huge exploit for untrustworthy users.
This is one of the big reasons why crypto evangelists are so obnoxious: false equivalence. Maybe Key Bank or MasterCard get hacked. I'm protected. It may take a while to get my money back, but even Corzine's customers actually got their money back. If someone at Fidelity misconfigures a router you don't permanently lose you life savings. The comment about companies going bankrupt is also ridiculous. In traditional finance you have a legally separate account. If Bear Sterns goes under, you don't. Do you not know this?
Can't agree more. But I know what rebuttal is coming now: "but if you keep your cryptos in your wallet nothing can happen".lol,except when you transfer cryptos into or out of the private wallet.
What the hell does "contained now" mean? Those who lost money will be made whole again? Or that they were fools to be hacked to begin with?