Binance cryptocurrency exchange announced $250,000 USD equivalent bounty .
Binance is trying to ensure the safety of the crypto community, Binance can't just play defensive anymore. Binance need to actively prevent any possibility of hacking from taking place. Fortunately the hacking attempt against Binance on March 7th was not successful but we all can see that it was one of the largest attack , it was organized effort against the Binance exchange. Binance needs to make sure that incidents like this don't happen in the future .
Binance the worlds number one cryptocurrency exchange is now offering a humongous $250,000 USD equivalent bounty to anyone who can help binance by supplying the information that leads to the legal arrest of the hackers that were involved in the attempted hacking incident on world's number 1 cryptocurrency exchange Binance that took place on March 7th, 2018.
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If you have any information regarding the attempted hack agaibst the Binance exchange , you can just supply the detailed information pertaining to it to [email protected] as well as to your local law enforcement agencies to assist binance to catch the hackers behind it .
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Binance do reserve all rights to split the bounty amount if necessary , solely at Binance's discretion.
Adding more , Binance has also currently allocated the equivalent of $10,000,000 US dollarrs in crypto reserves for future bounty awards against any illegal hacking attempts on Binance.
Hackers wont be let off easy by Binance this time .Binance is also starting a bug bounty program soon . Keep an eye on the upcoming Binance announcements .Even though the hacking attempt that took place on march seventh against Binance was not successful, it was evident that it was one of the large-scale and organized effort against Binance exchange . Binance should tighten up the security as much as possible to prevent the future attack on it's system . if Binance ever get hacked again , it would be the biggest hack and we may see crypto crash like in the past.
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Protecting your funds is and has always been our Binance's highest priority and will always be !
Binance reputation is suffering due to such unfortunate incidents . Recently a Binance user paid $97 USD per 10 cent POA coin, at the coin drop. $7000 gone immediately. Many binance traders are having trouble withdrawing POA from Binance right now . Binance finally allowed POA withdrawal from exchange but when traders tried to withdraw them to MEW, it took about 10 minutes before Rejecting the transaction.