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Following the announcement of Cryptopia hacking, one of the world's largest cryptographic markets, Binance, has frozen some of the stolen funds in New Zealand's crypto exchange during a more hacked announcement. early in the week.
Binance provides a platform to trade more than a hundred different digital currencies and is preparing to take over the future hard fork of Constantinople on the Ethereum network. Since the beginning of last year, Binance is considered the largest stock exchange in the world in terms of trading figures.
As many people know, Binance's CEO is Changpeng Zhao (CZ) and, via his official Twitter account, has announced that Binance has blocked some stolen funds in the New Zealand encryption exchange. In the message, CZ asked why the attackers continue to send the stolen funds to Binance.
As most people have already heard, Cryptopia announced that piracy occurred on Monday and resulted in "significant losses". The damage to Ethereum amounted to at least $ 2.4 million in several unknown portfolios. In addition to this, he switched to centralized management for an amount of about $ 1.2 million.
Community reaction
After CZ tweeted his message on Twitter, there was a lot of reaction from the online community. In the tweet of the CEOs, he advised the owners of cryptography systems to keep their badets on the stock market. This is opposed to having them on personal storage devices such as hardware wallets or USB sticks. As reported by AtozMarkets, some members of the community saw CZ's tweet as a "Signifying that the risk of self-preservation is significantly higher than the risk of storing cryptocurrency on" trustworthy "exchanges, such as Binance, for example. However, Zhao later stated that he did not necessarily advise investors to keep funds in the stock market. "
Growth of attacks
There seems to have been an increase in trade attacks in recent years. For the first half of 2018, there was more than $ 730 million in trade against hacking trades. Much of the loss – $ 500 million – occurred as a result of Coincheck hacking in January of last year.
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