Cryptopia Hack: CEO Proffers Solution by Binance – Today & # 39; s Gazette

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CZ Binance, CEO of Binance, offered a solution to the recent Cryptopia Hack that led the latter to quit unexpectedly.

CZ said that those who keep their coins fight hackers and protect their portfolios from intruders without outside help. By recommending not to store funds in computers and USB, CZ said computers could break and USB could be lost.

He promoted that cryptocurrency enthusiasts need to store their funds in the most respectable and safe exchange (perhaps by indicating Binance Exchange).

CZ has praised decentralized exchange, saying that people can transfer funds to secure exchanges for security reasons.

"Keep coins yourself – fight yourself with hackers and be careful not to lose your wallet, computer breaks, USB is lost, keep in an exchange, use only the most reliable and proven exchanges, or switch to DEX, disturb ourselves. "

CZ said that after the exchange of cryptocurrencies in New Zealand, Cryptopia went offline because of a great experience in hacking.

The exchange said on its Twitter account that "it has suffered a security breach that caused significant losses".

However, no special information regarding the loss, and the exchange did not state whether there will be any refund for customers. Since then, the Cryptopia website, including the pages of his blog, is now offline.

"Cryptopia is currently in unplanned maintenance mode. We'll be back soon."

However, according to the Whale Alert tokens 19,391 ether (ETH) and about 48 million token of centrality (CENNZ) were moved from Cryptopia to unknown portfolios on January 13.

The cryptopia hack is the first exchange of cryptocurrencies of the year, the small asset cap says it has informed "the relevant government agencies, including the New Zealand police and the high technology crime unit that they are jointly and actively investigating the issue as an important crime and are helping us with advice ".

According to Coinmarket Cap, about $ 1 million dollars was the 24-hour trading volume on the stock exchange before it was breached.

Although Cryptopia did not declare the exact cryptocurrency that was carried away, but according to what was reported by Whale Alert, on the 13th January, huge amounts of Ethereum (ETH) and centrality tokens (CENNZ) were moved.

Condemnations Trail Binance Suggestion from the CEO

Enthusiasts of the cryptocurrency are already condemning the declaration of CZ, arguing that any online exchange seems protected until security is violated.

WhalePanda, who first condemned the CZ declaration, said that MtGox was the most respectable exchange before it was violated.

"Absolutely horrible advice. Remember when MtGox was the most respectable exchange?"

"There's always a way that an exchange could be compromised, if you're 100% sure you're a scammer."

Another enthusiast said: "Why do not you promise an insurance if you're so confident with your exchange?"

Hacking was one of the main problems of the exchange of cryptocurrencies. Several platforms have been compromised in recent times resulting in loss of millions of dollars.

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