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Binance got hacked for $40 Million Dollars in Bitcoin, is your money safe?

The short answer is Yes, your money is safe.
Fortunately, Binance was prepared and your money is safe in due to SAFU. Meaning the ‘Secure Asset Fund for Users’ will cover this completely. This is the very reason Binance is self-insured.

Technically speaking the Binance exchange itself was not hacked, it has officially been stated by Binance that a large number of API Keys, 2FA Codes, and other user info was acquired by said hackers utilizing techniques such as phishing, viruses and other types of digital attacks. This means that it was user accounts that were compromised by the users themselves and not Binance.

In an age where digital security is more important than ever, this is a stark reminder to keep your data safe and secure at all times.

TLDR About the Binance Hack:

• 7000 BTC was stolen
• The BTC was stolen from Binance’s Hot Wallet
• Binance’s Hot Wallet holds only 2% of their total holdings
• All funds are insured and do not affect users

Related Topics:

Crypto Investor And Follower

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Binance

SEC May Put A Stop To Binance’s Plans To Acquire Voyager

The U.S. Securities and Exchange Commission (SEC) has filed an objection to Binance.US’s plans to acquire Voyager Digital, a publicly traded cryptocurrency brokerage. The SEC has raised concerns about the potential impact on investors, stating that the acquisition could result in “a concentration of voting power” in the hands of Binance.US and its parent company, Binance.

The SEC’s objection comes as a surprise to many in the crypto industry, as Binance has been a major player in the space for years and is known for its strict compliance with regulations. However, the acquisition of Voyager Digital, which is a publicly traded company, has raised concerns about potential conflicts of interest and the potential for insider trading.

The SEC’s objection has sparked a heated debate among industry experts and investors, with some arguing that the acquisition would be a positive development for the crypto market and others expressing concerns about the potential impact on investors.

On one hand, some argue that the acquisition would give Binance.US more access to mainstream investors and help to increase the adoption of cryptocurrencies. Binance has a strong reputation in the industry and is known for its commitment to compliance, which could help to increase confidence in the market.

On the other hand, others are concerned that the acquisition could lead to a concentration of power in the hands of a single company, which could negatively impact competition and potentially harm investors. There are also concerns about the potential for insider trading and conflicts of interest, as Binance would be acquiring a publicly traded company.

It’s worth noting that the SEC’s objection is not a final decision on the acquisition, and Binance.US and Voyager Digital have the opportunity to respond and present their case. However, the fact that the SEC has raised concerns about the acquisition is a significant development that could have significant implications for the future of the crypto market.

Overall, the SEC’s objection to Binance.US’s plans to acquire Voyager Digital has sparked a lively debate among industry experts and investors. While some see the acquisition as a positive development that could increase the adoption of cryptocurrencies, others are concerned about the potential impact on competition and investors. The final outcome of the acquisition is still unclear, but it’s certain that it will be closely watched by those in the crypto industry

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Binance

How To Buy FLUX (FLUX) On Binance

Table Of Contents

About FLUX

The New Internet needs a stable, secure foundation for the foreseeable future. Flux is crucial to providing that dependable infrastructure. Projects and development teams may use FluxOS without relying on the Flux blockchain, so they retain access to vital infrastructures while still maintaining all of their chain’s distinctive characteristics.

Price of FLUX


How To Buy FLUX (FLUX) on Binance

There are multiple exchanges where you can buy FLUX but we suggest Binance since it has the quickest transaction times and the most trading pairs on the market.

Step 1: Sign Up With Binance.

You will need a Binance account that has been verified and validated to be able to buy, sell, and swap FLUX on the BNB exchange.


Sign Up With Binance button

Step 2: Deposite Fiat or Other Crypto Into Binance Wallet.

The best way to start buying and trading FLUX on Binance is to connect a bank account to do an ACH transfer which is the quickest and has the least fees. Second, connecting a debit card which is great for quick deposits of smaller amounts. Lastly, you can do a domestic wire transfer which is the best for larger amounts of cash but also comes with wire fees.

Step 3: Buy Tether (USDT) or Perfered Trading Pair.

Tether (USDT) is a token that was created to always be equal to $1 USD which will ensure that the money you put into Binance will stay stable and not fluctuate drastically like most other cryptocurrencies.

Step 4: Buy FLUX (FLUX).

Now that you have your fiat converted to Tether (USDT) you can buy almost any crypto pairs that are available on the Binance market, including FLUX.

Buy FLUX on Binance Using Web Browser:

With USDT in your Binance account, you can now click Trade, then Markets, in the navigation menu then search the Binance market for FLUX (Make sure USDT is selected in the options). The second way is to go to your wallet, click the “Buy Crypto” button (Yellow button with the arrows), click where Bitcoin is selected then search and select FLUX. Lastly, you can select “Buy Crypto” from the navigation menu and click where Bitcoin is selected then search and select FLUX and buy.

NOTE: If you aren’t able to find FLUX when you search for it, make sure you are using your USDT as a trading pair.

Buy FLUX on Binance Using Mobile App:

With USDT in your Binance account open the mobile app, select the market tab on the bottom (the icon with 4 lines), then select the USDT tab on top, then search for FLUX using the search function on the top right. The second way to buy on the mobile app is by selecting the wallet tab (Middle button on the bottom that looks like a wallet), selecting the yellow “Buy / Sell” button, select “Buy Crypto”, then search for FLUX using the search function on the top right.

Step 5: Store Crypto In Safe Place.

If you plan on saving your FLUX for a long period of time (More than a few months) then it is smart to store it in a wallet off of Binance such as Ledger, Tresor, or Exodus.

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Binance

How To Buy Voxies (VOXEL) On Binance

Table Of Contents

About Voxies

The VOXEL token will be used as the in-game currency and for all game functions, such as buying new weapons, armors, or items to use in the game. The VOXEL token will also be available on the secondary market and may be freely traded by players outside of the game. This means that you can earn VOX

Price of Voxies


How To Buy Voxies (VOXEL) on Binance

There are multiple exchanges where you can buy Voxies but we suggest Binance since it has the quickest transaction times and the most trading pairs on the market.

Step 1: Sign Up With Binance.

You will need a Binance account that has been verified and validated to be able to buy, sell, and swap Voxies on the BNB exchange.


Sign Up With Binance button

Step 2: Deposite Fiat or Other Crypto Into Binance Wallet.

The best way to start buying and trading Voxies on Binance is to connect a bank account to do an ACH transfer which is the quickest and has the least fees. Second, connecting a debit card which is great for quick deposits of smaller amounts. Lastly, you can do a domestic wire transfer which is the best for larger amounts of cash but also comes with wire fees.

Step 3: Buy Tether (USDT) or Perfered Trading Pair.

Tether (USDT) is a token that was created to always be equal to $1 USD which will ensure that the money you put into Binance will stay stable and not fluctuate drastically like most other cryptocurrencies.

Step 4: Buy Voxies (VOXEL).

Now that you have your fiat converted to Tether (USDT) you can buy almost any crypto pairs that are available on the Binance market, including VOXEL.

Buy Voxies on Binance Using Web Browser:

With USDT in your Binance account, you can now click Trade, then Markets, in the navigation menu then search the Binance market for Voxies (Make sure USDT is selected in the options). The second way is to go to your wallet, click the “Buy Crypto” button (Yellow button with the arrows), click where Bitcoin is selected then search and select Voxies. Lastly, you can select “Buy Crypto” from the navigation menu and click where Bitcoin is selected then search and select Voxies and buy.

NOTE: If you aren’t able to find Voxies when you search for it, make sure you are using your USDT as a trading pair.

Buy Voxies on Binance Using Mobile App:

With USDT in your Binance account open the mobile app, select the market tab on the bottom (the icon with 4 lines), then select the USDT tab on top, then search for Voxies using the search function on the top right. The second way to buy on the mobile app is by selecting the wallet tab (Middle button on the bottom that looks like a wallet), selecting the yellow “Buy / Sell” button, select “Buy Crypto”, then search for VOXEL using the search function on the top right.

Step 5: Store Crypto In Safe Place.

If you plan on saving your Voxies for a long period of time (More than a few months) then it is smart to store it in a wallet off of Binance such as Ledger, Tresor, or Exodus.

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