Exactly, people cannot trust them again , because nobody saw it coming ,who knows what next is going to happen,at this point ,saving in exchange is very risky , because of all this unforseen circumstances, I really felt for many ,some has a lot of savings there ,even if they resume operation now ,trust me it not going to be easy for everyone, because trust has been broken ,and I think they should work on there security although all this things are bound to happen, because hackers are also working so hard to made away with people's sweat , so everyone should also take precautionary measures also, by not keeping there funds in exchange for so long .

If this was a real hack and also all other previous hacks that have hit Binance, then its safe to say that it's either they are not learning from other previous cases or they actually liked to be hacked, because it's crazy to say that they have actually experienced hack not once not twice but I think 3x and yet they haven't upgraded their system in such a way that these hacks won't repeat itself. I believe Trust wallet which is also an entity of  Binance has been hacked late 2025 of which it also suffered loss of couple millions in dollars and yet it also survived.

I don't know why people still keep bitcoin in exchange when the bitcoin forum warns users not to keep their funds there and there is high possibility that people here are telling others who are not in this forum to avoid using anything call centralized exchanges because it is not your coins and not your keys. Well human being is difficult to deal with.

I only use exchange for instant p2p. Binance approval of withdrawal after the hack is even very fast compared to bitget hacked time. Bitget took almost two weeks plus to reopen the withdrawal but Binance is within the week.

The hack shouldn't be enough to make a major exchange like Binance completely go out of business.

This shouldn't even be a major problem as long as users can still withdraw their coins. The only issue I can think of is that the exchange may experience heavy traffic, causing significant withdrawal delays because many people will rush to move their funds out.

The lesson here is simple, not your keys, not your coins. People should never have left their funds on a centralized exchange in the first place.

Even the biggest exchange couldn't secure their platform from being hacked. Well that's by the way, your major investment should be in a self custody wallet while little in exchanges for trading and if you if you by chance make huge gains from trading it's advise that a huge part of it is sent to the self custody wallet. Although i see simultaneously trading and long term holding as a difficult task for me cause i could get distracted from my long term investment goal but if you can perfectly manage both then it's cool.

Even their SAFU funds which supposedly accumulated from a small percentage of their trading fee is already at the billion level, it wouldn't be surprising if they actually make massive amount of annual revenue.

I think back in march forbes estimated the revenue to be at $16Bn which later got debunked by CZ himself and stated that the number is closer to $5Bn which close enough to cover $6.3Bn gap. But, revenue isn't net profit therefore that is another thing to remember.

I think the reason Yi He which is co-founder of Binance is stating that the revenue for the year is sufficient to cover the losses is because the true gap is the $3.3Bn stolen, the remaining $3Bn stolen that is currently frozen will eventually get returned back to them even though there's no guarantee all of them can be recovered without going through complicated legal process.

AIs actually change many things globally and in all industries so the cryptocurrency centralized exchange industry is not an exception. Likely this hack on Binance will not be the biggest one, more will come in the future with bigger hacked value and more unprecedented severe consequences.

Things were already crazy with Binance since recently years by their declining criteria for listings of new coins and tokens on their exchanges. From listing shitcoins and tokens easily, Binance has been no longer an exchange with best quality mark of projects listed there.

It was also crazy with the terrible ever market crash and liquidations in October last year. People are lucky by don't lose their money this time because Binance allows users to withdraw their funds after the big and severe hack.

However coming months, Binance will try doing many things for getting money back, to cover their loss in this hack and many crazy things will happen with this exchange.

It still get me astonished how those hacking these exchange normally do it because i believe that binance is one of the largest cryptocurrency exchange in the world and should have equiped it with high security network knowing the amount of funds they hold, although binance is not the only cryptocurrency exchange that has been hacked some other smaller exchange has been hacked before and they never shut down, binance is going to make sure everyone asset is save, if there are people that hasn't withdraw yet they will definitely withdraw.
They should strengthen more their security network so that this won't occur again, also it's risky saving asset in exchange, i wouldn't recommend any one keeping all their crypto in there.

I feel that is unforeseen circumstances,it can happen to anyone, the only thing is just to work on there security, it's the biggest exchange and who will ever think this can happen to them ,even them didn't saw it coming, hackers are moving hard looking for Vitims ,at least you have seen how many times they have hacked different people both casinos , so even me I will not recommend saving in casinos or any exchange for long , other exchange has also been hacked before ,it's wise to say it's really not safe to keep funds there.