One thing's for sure, hackers will always exist and what happened to Binance isn’t the first time because it has happened several times at other exchanges before, and it probably won’t be the last either it might happen again in the future. What happened at Binance was definitely well organized, what the hacker did, and this is indeed one of the smartest hackers in the crypto world lately.

By depositing around tens of millions of USDT to Aave as collateral and then immediately borrowing ETH, he managed to turn easily frozen assets into ones that are much harder to track and can’t be blacklisted by Tether. Once the ETH was out, freezing the stablecoins in his wallet became less effective, while his ETH was already gone to another address. This shows how fast and creative the perpetrator was in exploiting the loopholes at the exchange.

Of course, this incident really serves as a warning for all of us. Big exchanges like Binance choose to cover users' losses from reserve funds to maintain trust. Even so, the fact that a platform as big as Binance can still be breached shows that security risks remain high wherever your assets are stored. The point is, what we can do now is to keep being careful with storing assets it's better not to keep too many assets on exchanges and use wallets we can control ourselves. We have to keep learning and close any gaps as quickly as possible so we don't lose our assets.