Binance Gbo $6.1M Crypto Pada KiloEx Hack, So Dem Dey Make Sure Say Dia Security Strong Plus Users Trust Dem
Binance don help well well to get back $6.1 million out of the $7.5 million wey dem steal for the recent KiloEx hack. Dem target the trading platform wey no get central control with one price oracle exploit. Wetin happen make one bad person fit change how much things dey cost and do fake trades for Base, BNB Chain, and Taiko networks, using money wey dem wash. Binance security people, following wetin dem Oga Richard Teng say, quick quick follow and block the money wey dem steal, put the wallets wey involve for black list, and work with police and cyber security partners. Because of this, dem don get back nearly 90% of the things wey dem steal, wey pass wetin dem first expect and cancel the 10% bounty wey dem offer the hacker before. KiloEx don stop dem work for now, dem dey plan how to pay people wey dem affect, and dem dey make dem security stronger to fix the problem with the price oracle. This big money recovery no just give some people dem trust back, e show say when exchanges and different crypto areas work together, dem fit reduce the wahala from big crypto wahalas. This successful recovery and how the platforms cooperate show say exchange security fit be trusted and say managing risk well well important for decentralized finance.
Bullish
Binance quick quick recover $6.1 million wey dem thief from KiloEx hack show say dem get strong security for exchange and dem sabi work with other exchange and police well well. This tin fit make people trust Binance again and trust wetin centralized platforms fit do to stop dem from losing moni from hacks like this. This event still show say big big exchanges don improve dia security and e fit make people trade pass before because di risk no too plenty again. Even if di price no too jump up for now, di long term effect be say people go trust centralized exchange security more, and this news overall good (bullish) for di exchanges wey dem talk about and probably dia own coins.