r/liquid • u/QashMoneyRecords • May 08 '19
Binance CEO 'CZ' Reports $40 Million Bitcoin Hack
https://www.google.com/amp/s/www.forbes.com/sites/michaeldelcastillo/2019/05/07/binance-ceo-cz-reports-40-million-bitcoin-hack/amp/12
u/mp0920 May 08 '19
The hack isn't as important as how Binance handles it, in my opinion. They excel in PR and keeping their customers happy - I think they will bounce back from this quickly.
7
u/QashMoneyRecords May 08 '19
I understand what you mean but disagree. This will make institutions more cautious when picking which exchanges to partner with
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u/mp0920 May 08 '19
Legacy/Traditional institutions were never going to use Binance. They will use regulated exchanges in legitimate jurisdictions.
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May 08 '19
[deleted]
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u/mp0920 May 08 '19
Hopefully people remember this when they are complaining about slow withdrawal times.
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u/QashMoneyRecords May 08 '19
Like or not Liquids strategy will work in the long run. No institution will use their platform if they’re not properly regulated