/biz/ - Business & Finance

>>7454877
>binace goxed us ?
Don't think so.
>will it be the end of crypto ?
No, crypto is here to stay.
>how fuked are you?
Very fucked.

>>7454877
>binance exit scam
>again
binances twitter account states they are doing updates

>>7454987
Let me play this out for you

> No announcement and site down
> Suddenly announcement that its "maintenance"
> Some bs excuse about DB replication (really? that's the best you can do)
> In a few hours people will get restless
> In several hours there will still be no news
> Tomorrow, they will say that they 'discovered' something during the maintenance and are working 'as fast as possible'
> About 4-8 hours after that they'll admit there was a breach which caused the DB sync issue as hot wallets were accessed and drained.

Screenshot it.

Poor again

>>7455039
HOLY SHIT
NOW I AN LITERALLY SHITTING MYSELF
HOLY RFUCKING FUCK

This is how these things usually go down:

>Site is suddenly down. Owners says they're doing maintenance, and has had unforeseen problems
>Claims unplanned, unannounced maintenance is taking longer than expected
>What goes on behind the scenes is that the owners are talking to lawyers, being adviced to not say anything about the security breach until they've secured evidence.
>Twitter account goes mostly silent. Updates every 3-6 hours, still claiming that it's just maintenance and that or some reason it's taking longer than they estimated earlier (before they talked to their lawyers).
>Statement about the breach is posted on twitter, reddit and on the web site. They are sorry and all your coins are gone.

We've been through this before. This is a hack.

>>7454877
i think its weird you can't transfer out the decimals,
all those pennys will add up
also transfer fee seem high

>>7455089
How much?

>>7454987
Ah right, the owners of the site said it was fine and they're not trying to steal your coins. Totally true lol

>>7455039
People have been saying this with every update binance made.
We can only wait and see.
In fact i dont really trust binance and the chinks either but i doubt it happens now. They could chose better times to run..

CHINKED

>>7455039
>>7455095
This will literally kill Bluzelle and a few other Binance-only coins. They will sue the hell out of Binance if this happens.

>>7454877
If green ID, Binance is doing some damage limitation to cover a small number of coins lost in a hack but they’ll close the back door and almost everyone here will be ok. Any other colour and the phrase “I got Binanced” will enter the lexicon to mean “I lost everything to chinks”.

>>7455164
Green ID is literally the most common ID on 4chan. Nice try.

Relax, the binance CEO is probably the most trustworthy man in the crypto world. He's completely open about it.
Though it strange that they don't show any announcement on the website. I expect BNB goes down hard right after trade opens again.

I WANT MY LINKIES BACK! NOOOO!!!!!

>>7455164

Got a week pay that i deposited a few minutes after it went down. Deposit hasnt showed up yet

We were warned

Would it just be BTC, ETH they lose or some other coin... surely not ALL coins? That would ruin certain projects

>>7455434
>One random guy on twitter

If i wake up and my shits not back in order i'm going to /pol/ and becoming an unironic chink destroyer.

>>7455563
Maybe this will be the match that sets off the bug wars powderkeg.

how much do you all think was on it?

im trying to calculate the size of my LOL right now and the amount of money lost factors highly into the equation

>>7455502
>random anon

>>7454877
Wow, I moved my funds to GDAX just because I was afraid of Tether and shit was crashing.
Good thing I guess.

if this is true will people even be able to sue, is their portfolio still viewable so that they can claim damages?

>>7455434
I think Binance would never exit-scam, I can see them getting hacked though.
They're way too big and I think they know there is still money to be made.

>>7455095
>Look at CEO's twitter
It's happening. They will soon start preparing people for the announcement that large portions of their portfolio is gone

Due to an unforeseen slowdown in the speed of our data sync, we now estimate for all trading activity to resume at 2018/02/09 4AM (UTC). In the 30 minutes prior to the commencement of trading, users will be able to use utilize all other account related functions.

Calm down fags.

>>7454877
Are you seriously even considering that? Kek'd.

oh hey, its up, faggots

>>7454877
>legally make an absolute killing on trading fees, forever
>or exit scam with like a billion dollar worth of internet funny money, which you can't even sell because the market is already crashing due to your shenanigans, and if you try to sell even 10% of it, the market plummets straight to 0. plus, you'll end up with endless lawsuits on your ass for the rest of your life, and most likely a couple of kidnapping or assassination attempts.

hard choice

>>7456500
and where in your scenario do you take into account that this may in fact be a massive hacking? oh wait, you dont, because youre a fucking retard.

>Keeping your coins on exchanges in 2k16+2
Feeling comfy with my ledger.

>>7454877
its ok

>>7456500
>exchange has >70% of bitcoin's daily volume
>charge a premium if you want to buy bitcoin with fiat on your exchange
>it's still not enough
>have trading bots wash trade the price of bitcoin
>suspend deposits and withdrawals, claim it was done because hackers stole bitcoin from the exchange's hot wallet
>file for bankruptcy and run with the bitcoins

If Mt. Gox did it, Binance can do it too.

>>7456552
>Looks at public binance wallet on etherscan
>Wow that was hard

>>7454877
ALL YOUR BITCOINS BELONG TO US!!1

>THIS IS NOT A DRILL
>Binance has been hacked but only XMR has been stolen
>Who would be stupid enough to take any other shitcoin that can be traced through the network
>The only coin they're gonna take is XMR

>>7454877
1. Maybe not intentionally but someone got in and pilfered everything
2. No. It's just one exchange and has no where near the dominance Gox had.
3. Not at all since I'm not the kind of retard who leaves their money on the exchange.

>>7455563
go to /vg/, there pick /lhg/, make a rogue/mage/paladin, slay chinks 24/7, that will be much more productive than /pol/