March 30 – Bithumb (South Korea ) lost $13 million of EOS and $6.2 of XRP funds. May 7 – Binance (Malta). Hackers stole 7,000 Bitcoins like $40.7 million; June 27 – BiTrue (Singapore) exchange lost $4.2 million in XRP and Cardano of its users funds. July 12 – Bitpoint (Japan) exchange lost $28 million in hacking attack that hit 50,000 ... About this guide: Our guide will let you know everything you need to start using the Binance exchange. We’ll show you how to open and setup your Binance account, how to use the exchange, how to reduce Binance fees and much, much more. We do always urge caution before investing in any cryptocurrency. Don’t invest money you cannot afford to lose. If anything managed to overshadow the Binance hack that cost them more than BTC 7,000 (USD 40 million), it is the idea, mentioned by their CEO Changpeng Zhao, to roll back all the Bitcoin transactions that happened in the past few days in order to recover the lost funds and “teach [hackers] a lesson 1) real state is currently used as a store of value, if there was a real non inflactionary asset like bitcoin you can add about 150T. 2) debt is because issued money in "circulation": 215T. 3) Global money 90T. 4) Gold 7T. 5) about 4M or bitcoin are lost. So available say about 14M bitcoins. Maths: (150+215+90+7)Trillion USD/14M Bitcoin= 33M ... Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity. As this hack was made possible by people entering their site logins and 2FA details into a fake website, you should always make sure you are on the correct Binance url before logging in. We recommend you bookmark the site and only use that to access it ... In an era of increasing economic uncertainty, surveillance, specialized cybercrime and hacking, knowing how to hide bitcoin safely has become a paramount
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