Binance's “small” misstep
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Binance's “small” misstep

News announcing another exchange was hacked are not so rare in crypto world. According to the latest information, this time a victim is Binance - the biggest and most popular exchange. They state 7 000 bitcoins were stolen, which is $41 million at today's prices. It's the 6th largest attack in the history of cryptocurrencies.





It was Binance, that has been considered as a security guarantee up until now, thus the security disruption evokes many questions. Of course, the imagination, that somebody can develop completely bulletproof solution, resistant against any attack, would be at least courageous. Binance itself admits, yet it cannot identify the attacker behind it, nor accurately say how it was conducted.


“ Buy, when there's blood in the streets ”


An important outcome of this attack is that security in crypto world is of utmost priority. The fact, that the player like Binance can become a target of an attack confirms that this market has still huge gaps in security area, which opens opportunities for new projects and platforms. Furthermore, cryptocurrencies are used by just 1 % of the population now. Crypto and blockchain technology market hide enormous potential and we can assume current trade turnovers are just the tip of the iceberg of what's coming in the future. That's just another reason why many experts and investors consider this period the best for crypto investment.

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