1
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏
2
FTX aside, avoid businesses/exchanges/projects that:
- are not profitable (musical chairs)
- survive by selling their own tokens
- give high incentives for locking your tokens
- have a large total supply, but only a small circulation supply
- involves loans
Stay #SAFU 🙏
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We detected Harmony One hacker fund movement. They previously tried to launder through Binance and we froze his accounts. This time he used Huobi. We assisted Huobi team to freeze his accounts. Together, 124 BTC have been recovered. CeFi helping to keep DeFi #SAFU! 🙏
5
I'll give $150 to someone in the next 24 hours.
Must:
• RT + ♥ & fol @toothless_tols
• Join TG
t.me/toothless_tols
Good luck!
🧩 Team #Shiba
🔥 Token burn 🔥 Crogecoin
✅ Low MC #PigeInu
🚀 buyback system #Cliff
Commander of all #memecoins. As it is toothless. #SAFU
6
There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below.
NEVER click on links from SMS!
Always go to Binance.com via a bookmark or type it in.
Stay #SAFU
7
Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can't catch it. 😂
#SAFU twitter.com/cz_binance/sta…
8
To adjust to recent price fluctuations, #Binance has topped up the #SAFU insurance fund to $1 billion USD equivalent again.
BUSD AND BNB address about 700m: bscscan.com/address/0x4B16…
BTC address 300m: blockchair.com/bitcoin/addres…
Transparency. 1/2
9
The DPRK hacking group started to move their Axie Infinity stolen funds today. Part of it made to Binance, spread across over 86 accounts. $5.8M has been recovered. We done this many times for other projects in the past too. Stay #SAFU.
10
Binance does not rely on Genesis or any other 3rd-party for our Earn products. For on-chain staking, Binance uses our own nodes where possible.
Stay #SAFU. 🙏
11
Fear and greed are two emotions exemplified by trading. If you experienced fear a few days ago, it is time to read more about and adopt risk management strategies. Don’t get greedy. Stay #SAFU.
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Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Waiting for more precise ETA.
Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU. 🙏 twitter.com/binance/status…
14
@TrustWallet @binance Self custody is a fundamental human right.
You are free to do it at any time.
Just make sure you do do it right.
Recommend start with small amounts to learn the tech/tools first.
Mistakes here can be very costly.
Stay #SAFU
15
I like the prices in a bull market, but I actually like projects in the bear market a lot more. Felt healthier.
There are still many good projects. But in a bull market, there are so many scammy projects now.
Invest with caution. Stay #SAFU.
16
@justinsuntron
17
Yes, we have the "inheritance procedure" where we verify the death certificate and kinship, then wait for a month (to see if the account holder does not "come back from the dead"), then give the assets to next of kin. Stay #SAFU. twitter.com/MythLake2016/s…
18
Everyone should learn about self custody. I wrote this article 2 years ago to help you understand what's needed for self custody.
Keep Your Crypto #SAFU (CZ's Tips) | Binance Blog binance.com/en/blog/from-c…
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Sad to see this happening. But at least, it seems they will return all deposits in full. Protect users.
#Binance do not have asset losses at Silvergate. Funds are #SAFU.
coinmarketcap.com/alexandria/art…
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There was a hack in Orion Protocol ($ORN) due to a lack of re-login protection. The loss is ~$3M. Our security team is monitoring the hacker addresses.
No Binance users / assets were affected.
Stay #SAFU. 🙏
24
We are aware of the poly.network exploit that occurred today. While no one controls BSC (or ETH), we are coordinating with all our security partners to proactively help. There are no guarantees. We will do as much as we can. Stay #SAFU. 🙏 twitter.com/PolyNetwork2/s…
25
The Allbridge hacker has returned most of the stolen funds and received a bounty from Allbridge. Our ability to identify who he is likely helped.
A lot of work goes on behind the scenes to increase security of the industry. Stay #SAFU. 🙏 twitter.com/Allbridge_io/s…