As a result of the hacking of BNB Chain, hundreds of millions of dollars of BNB were printed. So how do crypto experts interpret this situation? We are discussing this issue with cryptocurrency expert Oytun Es.
Cryptocurrency investors have been very nervous lately. Launched by Binance founders BNB Chain The blockchain named hacker attack exposed. The hacker or hackers exploiting the vulnerability in the chain are worth $100 million according to the official statement, according to third-party sources. worth $570 million They minted Binance Coin (BNB) and transferred it to their own account.
From Binance on the incident official statement has arrived. In the statement, between BNB Chain and Binance there is no link and it was stated that the attack did not affect Binance. Moreover Binance CEO CZIn his post on Twitter, giant news sources “Binance hackedThe news headlined ” came out harshly and “The quality of the news needs to be improved.‘ he declared.
We asked cryptocurrency expert Oytun Es: So what was the truth? How does the hack attack affect the cryptocurrency investor?
In the hacking attack on BNB Chain talking big money And after the Binance front made harsh statements, we wanted to ask someone who knows the details of this event. The name, who agreed to answer our questions, is a crypto money expert and Crypto Tech co-founder of YouTube channel Oytun Es it happened.
With Oytun Es, the hacking incident in BNB Chain we talked about the details. If you wish, without further ado, let’s look at the questions we asked and the answers we received.
Binance said the attack was not related to them. Was this explanation correct?
Bridges are one of the most troublesome parts of the cryptocurrency world. When we look at the last process, most of the hacking events take place from the vulnerabilities on this side. In the last example, there is a hack on the BNB Chain, again over the bridge. Here Binance has a responsibility. However, with the rapid action they took, they were able to deal with greater grievances. they got ahead.
Will the attack lower the price of BNB or other cryptocurrencies? Is there a buying opportunity for the investor waiting in ambush?
In this regard, I do not think that there will be significant sales over BNB and other cryptocurrencies. before the subject grows in dissolved state. As a cryptocurrency ecosystem we’ve seen much worse.
How does Binance or BNB Chain get out of this? Will they be investigated, fined or faced with access bans? Are there any among the authorities who go to jail?
It is unlikely that Binance will undergo an investigation into this matter. anyway no regulation. Blockchain software is in its infancy. Unfortunately, such undesirable situations will come out. No investigation, no jail time will not.
Cryptocurrencies are said to be reliable. However, 100 million dollars (according to the official statement) could be stolen in a single item. The LUNA incident had already shaken the market. How will trust be established? If it’s safe, how is such a big theft possible?
Crawling in phase We’re talking about technologies. There will be some undesirable accidents in this development process. It is important that these problems take quick action and to prevent major grievances.
If the investor’s money was stolen, would Binance have to cover it? After all, there was a theft and there is a certain damage. Who will pay for this damage?
Binance exchange has always been in the business of meeting grievances. he was sensitive. In the event of a great victimization, in my personal opinion, he will do his best again. What they keep in the column about them there are special funds.
What should investors do to avoid being a victim?
In order not to be a victim of the investor, as much as possible from the bridges. should stay away. In fact, this issue concerns the majority of investors. not a topic. For those who buy a crypto asset and store it in their own wallet. no problem.
Despite everything, do you believe in the future of cryptocurrencies?
The future of cryptocurrencies I believe with all my heart. Every great development is painful. We are talking about a technology that is currently in its infancy. Many projects are still in early development. Over the years much more sitting We will have an ecosystem.
Do you have a cryptocurrency investment and what do you plan to do after the hack?
Yes, I have crypto money investments and I will continue to do so. to be continued. This isn’t the first hack this ecosystem has experienced. There will be hacking cases from now on. Of course, putting all of your assets here is a big risk, but it’s a business with such great potential. stay out of the process I find it more risky.