/biz/ - Business & Finance

nice try schlomo

None, I withdrew everything after the BNB pump and the tether news.

>>13552384

Binance can’t really be hacked because all their wallets are under such heavy scrutiny and they keep everyone in the loop with unusual withdrawals, wallet swaps, etc.

>>13552391
withdrawals are suspended, eery single one of them

"unsuspected maintenance " is the reason why.

>>13552384
>>13552391
>>13552399

You know it's true
>>13552302

>>13552410
except for... t-this time

We'll now see if what you say is true

>>13552384
funds are safu you idiot

all my ZIL so nothing of any consequence

>>13552442
hahahahhaha

I withdrew everything from Binance few weeks ago because I got tired of CZ delisting shit left and right.

>>13552384

Guise I think it's real. 7000 BTC left the Binance hot wallet

lost 6,000 USD

shoulda never trusted the chink

meh, i can get it back in a few months,

fuck cz

>>13552550
I just saw cz at the airport heading to north korea with bag full of bitcoins. It's happening

>>13552384
Even if they lost $40mil, isn't that like a weeks profit for Binance?

>>13552568
cz was just a korean spy. I LOST EVERYTHIN AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHH

You guys got chinese hustled hahaha.

>>13552571
Binance has no profit at all. they spent all their profit on faking volumes and pumps since their only goal is money laundering

>>13552596
didn't they just liquidate like a billion dollars worth of tether yesterday?

>>13552568
Cz just flew over my house

>>13552568
kek which crpto was it where the devs exit scammed and and apparently ran off to north korea?

Timo is a nocoiner now

I lost a bunch of XLM and ADA so basically nothing.

>>13552384
Then why are there 3k btc still in one of the wallets? There was probably a glitch in the code. At worst case binance lost 42 million dollars and will bite the loss.

Unironically lost 100k linkies. Just

I hope this makes a good internet historian video

>>13552596
They have confirmed 450mil in profits in 2018.

>>13552795
>bite the loss
Anon...

nothing personal kid

>>13552857
you understand that the more “profit” they declare - the more money can be laundered, right?

>>13552384
https:// coinmetro. com/? ref=metro 9000

>>13552384
>how much you lost?
1 million btc
i just transfurred to sell
fuck me
shoudve bitmexed but i rather chink than nigger

>>13552596
Where are you from and why is it America? Absolutely fucking retarded.

>>13552875
He's worth billions of dollars. He's make back the loss in a few weeks.

>>13553007
>He's worth billions of dollars

>>13552384
So withdrawals for all coins are no longer allowed?

>>13553015

>>13552384
I lost all my money in the January 2018 crash already, all that stock is worth like $15 or so nowadays.

>>13553038

Having "a billion" in crypto is not the same as having a billion in real money.

>>13552384
Settle down, it's just the continued (((maintenance)))

>>13553066
I really don't know what your point is. $42 million is not a big enough loss to shut down or ruin their reputation.

>>13553105

Really? Would you trust your dollars to a bank that keeps getting robbed, even if it IS "only" $42 million?

And what if, after that robbery, the bank said "sorry, but we're not going to let ANY of our customers withdraw their money"?

If it WAS a hack, the only reason for preventing people from withdrawing their funds is if they have a liquidity problem that no one knows about. This assumes, of course, that their "unscheduled maintenance" is BS

>>13553133
First off. Banks get robbed all the time. People still use them. Banks do halt withdrawals for a day or two seldomly for unscheduled maintenance. That's why you use more than one bank. People don't care. It doesn't hurt to shut down operations to check what caused the loss to fix it and prevent it from happening again.

>>13553180

But we're not talking about a bank, are we? If a bank is robbed, depositors funds are protected up to $250k, and that guarantee is backed up by the full faith and credit of a government.

What we have here is like the private banks of the 1800's; where , if they were robbed, your money was just gone and you're shit out of luck.

This whole shitstorm is the result of that whole "no regulation" thing that everyone seemed so happy about a while ago. Well, you've got your lack of regulation, and someone else now has your money.

>>13553180
Banks are insured.
Customer deposits are insured.

something is really wrong now.

CZ said couple of hours not fucking FIVE HOURS.

only good thing why this takes time is that binance announces something great to pump their BNB coin.

>>13553327

I hope he at least remembers to thank his investors for the BBQ sauce

>>13553105
do u really think they got "hacked" like bitfinex did in 2015? NO, they will use this as an excuse to issue their stablecoin so they can "pay back" the people who lost money!!!

https://twitter.com/binance/status/1125908290322350081

not going to lie, I almost fainted

i knew it before none of you

FUCK YOU

>>13552391
sup

this thread age very well.

>>13552384
MtGox Two: Electric Boogaloo

>>13553931
To add to this, I hope they get their funds back. I actually like using binance. It seems it might have been a user side problem and not so much the exchange itself.

Binance its exitscaming this its not a drill mtgox All over again

>>13553941
indeed

ITS OVER

its fucking over.

$40 million aaaaaaaaaaaaaaaaaaaaaaaaaaaaah

jesus, what is this? The golden bullrun of 2019/2020 or something? we get a 1.5 year bearmarket with no FUD/exchange hacks/China bans and as soon as the first green candle appears, shit's about to go full scale bullrun movie script/groundhog day mode. I don't know about you guys, but i'm buying. If there's something i've learned from 2017, always buy when FUD/HACKS/BANS are popping up

>>13552384
I've lost everything if this is Mt.GOX 2.0 or he's exit scamming.

i was about to say: when the Tether fud is starting to reappear, go all in, but we already got that shekel trick last week... i forgot. So next trick: Banks banning bitcoin 2019 edition.

>>13554216
THIS
THIS
THIS

>>13553133
yep, this is a learning opportunity even if it was $42 million. They have the resources to account for it in the worse case and the resources to secure against it in the future. I'm longing binance with all fiat reserves, hopefully I time the bottom.

BTW full disclosure, I am already all in (100% of crypto networth) into BNB.

>FUNDS R SAFU

>>13552951
kek this.

>>13554216
>buy
yeah one problem with that, deposits are suspended you retard

>>13554216
I'm all inning binance coin with fiat soon, it's going to be a tremendous opportunity. They straight up admitted everything that happened. This transparency in a crisis is rare. Smart money longs BNB

i knew it mahwhahahahahah, fucking chinknance.

>>13554311
wait a minute...you where ACTUALLY using binance?

>>13554288
If you believe they were really ((((((hacked))))) then you are an irredeemable retard

>>13554311
buying bitcoins and suspended deposits on binance. I don't see the connection

>>13554311
or do you REALLY use an exchange as wallet? And did you chose binance over poloniex to do so? Anon..i....

I KNEW IT BEFORE MIDNIGHT NIGGERS

>>13552384
The exchange will use its Secure Asset Fund for Users (SAFU fund) to cover the loss, which won’t impact users, according to the notice.

The fund consists of 10 percent of all trading fees absorbed by the exchange, and was initially launched to protect Binance’s users “in extreme cases,” according to a previous notice. It is stored in its own cold wallet.

“In this difficult time, we strive to maintain transparency and would be appreciative of your support,” Zhao said Tuesday.

He concluded the note by saying he would participate in a previously scheduled Twitter “ask-me-anything.”

Fuck off racists all is fine. The price is recovering as we speak.

>>13552384
The exchange will use its Secure Asset Fund for Users (SAFU fund) to cover the loss, which won’t impact users, according to the notice.

The fund consists of 10 percent of all trading fees absorbed by the exchange, and was initially launched to protect Binance’s users “in extreme cases,” according to a previous notice. It is stored in its own cold wallet.

“In this difficult time, we strive to maintain transparency and would be appreciative of your support,” Zhao said Tuesday.

He concluded the note by saying he would participate in a previously scheduled Twitter “ask-me-anything.”

Fuck off bobo all is fine. The price is recovering as we speak.

>>13552384
>be under investigation
>let's just insider hack ourself
>lost the coins in a hacking accident officers

knew it i kneew it...

>>13552384
They only lost 7000btc and this is why SAFU was put in place for moments exactly like this.

>>13552410
this aged well lol

sdfsdf

more cheapies. cool.

>>13553038
>Canadian

No land for white men.

>>13553361
Stablecoin printing days are over, anon.

>>13554754
>Binance is literally pulling a Trayvon James

>>13552568
Ultra chinked

>>13553007
Stage 1: denial

You idiotic trolls are the reason people think crypto is a joke. Shut the fuck up and stop causing a commotion over nothing. In less than a week things will be back to normal. You idiots really are pathetic m.

No lifer syndrome is strong with this thread

Sergey here, just wanted to come and remind everyone to NEVER trust a chink. Only invest in white supremacist coins like Chainlink.

>>13555431
Stage 2: anger

>>13555471
kek

>>13555431
tether court hearing on monday, it's over

>>13554216
Except this is not 2017 anymore.

>>13552384
I thought it was just an unscheduled wallet maintenance and not to spread ze fud.

>>13554347
>smart money longs a premined ERC 20 utility token that grants no rights, no stake and whose fee rebates can be changed at anytime by the issuer.

Yeah, no. Smart money doesn’t do that, retards with a couple hundred dollars do that.

>>13555431
>You idiotic trolls are the reason people think crypto is a joke
>there's nothing shady about Justin Sun offering to pump $40m of tether onto binance
>there's nothing shady about withdrawals being disabled before the tether heaing

weq lad

LINK trading on Coinbase fucking WHEN

>>13552951
Forehead will rob the exchange blind as soon as they get 80k volume lool

>>13552384
>how much you lost
Well...
>be me
>fire cokehead off of team for literally never doing anything and not responding in weeks, months if you exclude "I'll be free later"
>have investor get pissed off and demand refund, because cokehead was his bud
>next day, binance hack, all funds locked up
>can't gibs funds even if wanted to.
honk?

how weird is it that this happens on the day someone bought 40 LINK for 9999 PAX each?

>>13556654
F

>>13556750
Thank you, thank you anon.

>>13552384
The absolute state of Derolets
Dero DEX gonna be insanely massive

>>13553313
The govt isnt supposed to back the banks....why do you think we have all these pump and dumps boom bust cycles where the taxpayers pay for the gambling losses of wall street?

If the govt didnt back the banks we'd actually have real capitalism. FDIC insurance is communist.

If the govt wasnt insuring bank accounts then people would actually give a shit what kind of loans there banks are making, and it would be impossible for them to make bad loans otherwise they would get no depositers.