Great crisis decision from Binance, the first thing an apology then finding the solution. In the announcement released by the Binance, we can find that they offer $250.000 in Binance Coin (a coin used and traded on Binance) for information which will help arrest hackers responsible for the March incident.
As we wrote earlier, Reddit users reported strange moves on their accounts. After a quick investigation, they found out that the reason behind moves was the third party trade bots, used to make transactions.
According to the announcement, Binance also owns $10 mln in crypto reserves for future crisis situations like the bounty to catch the hackers responsible for launching the cyber attack.
Tell us what do you think about Binance fight back. Here in the comment section below, or via Facebook.
Last modified: March 12, 2018
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