Recommended Watch: Binance margin trading confirmed, security breach update & more - CZ's AMA May 2019
(youtube.com)
Binance CEO talks about the serious security breach and hack of $40 million that happened over the last 24 hours. This is a very insightful and transparent report from CZ everyone can learn from. Withdrawals and Deposits will be put on hold for a few days according to the CEO of Binance to allow them ample time to assess and rectify any security breaches.
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Francisco Gimeno - BC Analyst Binance CEO has to be grateful to his PR Team on the way they have been dealing with Binance's hack and its repercussions. Since last week they have been fighting the storm smoothly by opening themselves to scrutiny and being transparent enough. Surely SEC and other regulatory authorities will be soon over them, but now all big crypto exchanges will be taking safety/security issues more seriously.