‘Silly Mistake’ Costs Inexperienced Trader a Whopping $400,000 Loss on Binance

2019-5-11 20:21

As per an all-new story circulating on Redditt over the past 48 hours or so, an anonymous Binance user recently incurred a loss of over $400,000 by accidentally clicking on the “Market Buy” button — that caused him to pay more than 17k times the market price of a token that he wished to purchase. […]

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Market buy on thin Binance order book costs inexperienced trader $400,000

An anonymous user reportedly lost $400,000 paying over 17,000 times the market price of a token by pressing “Market Buy” on Binance. First revealed in a Reddit post on May 9th, the news left many speculating on whether or not the alleged loss actually happened, and if it did, how did an exchange as large […] The post Market buy on thin Binance order book costs inexperienced trader $400,000 appeared first on CryptoSlate.

2019-5-11 00:38


Bitcoin reorg: Recovering exchange losses is like a bail-out for banks mismanaging risk, says Andreas Antonopoulos

Binance, one of the largest cryptocurrency exchanges in the world, was the main highlight of the crypto-space this week after the platform reported a loss of 7,000 BTC due to a security breach. More so, this news took an interesting turn when Changpeng Zhao, the co-founder, and CEO of Binance, stated that he would consider […] The post Bitcoin reorg: Recovering exchange losses is like a bail-out for banks mismanaging risk, says Andreas Antonopoulos appeared first on AMBCrypto.

2019-5-11 20:30


Binance CEO Reveals New Details of ‘Damaging’ $44 Million Bitcoin Hack

By CCN: On May 10, Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange, released a security incident update regarding the firm’s loss of 7,000 bitcoin. Following the high-profile security breach of the exchange during which sophisticated tools and methods were used to steal $44 million from Binance, the firm swiftly revamped its security measures and practices.

2019-5-10 13:00


Bitcoin Price: Mark Yusko’s $400,000 Target is Bold – But Not Insane

By CCN: Morgan Creek Capital Management founder Mark Yusko spoke to Bloxlive. tv about the Binance hack and his startling prediction that Bitcoin will eventually be worth $400,000. Morgan Creek Founder: Hackers Prove the Value of Crypto Yusko made a compelling case, taking a positive out of the massive $40 million loss that Binance suffered, saying that hackers prove the value of Bitcoin.

2019-5-10 21:52


Bitfinex-Tether controversy: Binance’s CZ announces impending transfer of USDT funds to new cold wallet address

The New York Attorney General’s recent allegations suggested the involvement of Tether [USDT] and Bitfinex exchange in a conspiracy to hide the exchange’s loss of $850 million. While the ecosystem slowly recovers from the bearish market in the aftermath of the episode, Binance’s Changpeng Zhao informed his community of followers about an impending “large transaction”.

2019-4-30 11:30


Bitcoin SV Miners Accumulating a Gross Loss of US $2.2 Million Since November 2018

Currently, Bitcoin SV is under of threat of getting delisted from the biggest cryptocurrency exchange Binance and further potential of similar delisting on all of the exchanges as the crypto community comes together in support of Hodlonaut, a Bitcoiner who launched Lightning Torch and is now being attacked by Bitcoin SV supporter Craig Wright for […]

2019-4-13 17:36


Coinbase Or Binance: Which Crypto Trading Exchange Platform Is Right For You?

As a sign of a maturing asset class and a growing component of modern business, digital exchanges have begun populating the crypto arena. With new entrants emerging periodically and existing exchanges constantly streamlining their offerings, even seasoned investors might be at a loss to pinpoint the “best” exchange. Newcomers in particular are faced with a […]

2018-7-20 11:52


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How can BNB traders benefit from its short-term price swings?

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Binance's stablecoin surge - Record inflows, BNB's price action, and more...

Binance exchange saw strong growth in stablecoin inflows, aiding in its market dominance A recap of BSC network activity and BNB's price action is worth highlighting too Binance's dominance The post Binance's stablecoin surge - Record inflows, BNB's price action, and more... appeared first on AMBCrypto.

Binance dominates 2024 with $21.6 billion deposits and record 250 million users

Binance has cemented its position as the leading crypto exchange by reporting customer deposits totaling $21. 6 billion in 2024, according to a Dec. 12 report. This achievement places Binance significantly ahead of its competition, with data from DeFi Llama revealing that the exchange’s deposits surpass the combined total of the next ten largest exchanges tracked […] The post Binance dominates 2024 with $21.