Most likely with stay with it, Binance has good reputation like how other top exchanges does and those does respond quicky to victims, in terms of security no exchange is safe until its hacked. All exchange are pretty much the same if you don't talk about UI, reputable has advanced trading mechanism that offer better control. Binance is popular simply because with good volume, promising coins and rewarding, cheaper for BNB holders. Seems like the hack doesn't affect at all when the market is bulling

I am sure traders and investors will stay at Binance, no matter if they hear or know about the hacking on Binance in a few days ago. They will ask the support system if they have a problem with their account related to the hacked so the Binance support teams can resolve their problem. Besides that, I am sure Binance will give more protection for their members, and they will not let this thing happen again in the future.

all of the options will happen at the same time because not all traders are thinking alike. you should have asked what will the majority do and of course that is going to be only a guess on our part because only the exchange knows his own traffic and how much of it they have lost.
i think initially there will be a large number of investors who will leave the platform. then depending on their plans of "pay back" more people may leave but in a prolonged manner as they have to wait to be paid first to be able to withdraw .

An investor will not hesitate to leave the Exchange, how to trust an Exchange that does not offer security and that their trading options are very limited, I would go to another Exchange, at this time I would choose Bitfinex so I have problems with Tether, I think it is one of the safest and where I see that always the great speculators make the movements.

The case of the Investors is very delicate, it is a lot of money that is handled, Binance had an unblemished record, but I think that by letting go more than 7K in Bitcoins, it is something very delicate, because it is a lot of money, the people who lose Money does not usually stay in the same place because they know that at any moment it can happen again, and although all the Exchanges are now available, after this incident it is obvious that they will take all the necessary measures so that their security increases them to the maximum, the ways to access must be changed, because apparently the 2FA system is vulnerable to the algorithms of the Hackers.

how will Binance compensate them?  will Binance give big compensation to users like MTGOX?  I am sure that 60% still trust Binance.  and Binance must repair the system damage again.  especially in terms of security.

Of course yes, because binance have a high volume trading.

It was their choice, I was still loyal to binance.

If that happens, maybe Bittrex will be the best solution.

IMHO, Binance is not just another exchange out there and they assured as well as did return most of the funds of their clients till now. Being a trader, I'm fine with Binance as of yet.


Like I said, a trader would definitely use Binance again but as an investor, I'd never keep my money over an exchange as if it's a long term investment in BTC alone and even if in alts, I'll prefer to keep them in a safe wallet of which I'm able to hold the privkeys of addresses stored in it.


It's unpredictable just as the price of BTC and it depends totally on the sentiments of each trader as if they really find themselves safe while sticking to Binance or not. So, it's on a case-by-case basis.


LIVECOIN...s
With such huge assurance and security available at Binance and the way Binance CEO Changpeng Zhao deals with all the issues that come to and fro, I don't believe anyone can stop loving Binance.

P.S.: I'm not a shill of Binance exchange but just like the way they do their job.

I like binance because when 7000 bitcoin lost on their platform but they tried to convince their user to keep stay on the exchange. They tried to cover all of money who was stolen by hacker to each users, and they tried to improve their platform in order to the incident didn't come again.

All centralized exchanges can be hacked IMO, can you tell me how many centralized exchange have not been stolen? I guess just a few, most of them already conceded. If this happened, we can see the reputable exchange and an exchange who don't want to be responsible. And this thing will affect the reputation later.

I’ve been using binance for a long time already and good thing I wasn’t affected by the current hack but if I were on the place of those affected, I guess i’ll feel hopeless but with binance step to compensate and handle the matter with ease only means that binance is prepared for anything that may attack them, with this I will still stay using binance because of its good reputation and services.