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Forty million is a plenty big number, but it’s only a small percentage of Binance funds, and users will apparently get their money back. Will you support Vox’s explanatory journalism? Click here for official Binance support. We can surely say that bitcoin is here to stay and that it is not going anywhere. The keyword here is attractive return that only a few traders get. To get a case ID you must start a live chat with support. A12. The amount of income you must recognize is the fair market value of the virtual currency, in U.S. "Bitcoin offers a way for people to store value in a completely digital format that isn't centrally controlled. People instantly loved this and started trading on it. The creation, trading or usage of VCs including Bitcoins, as a medium for payment are not authorised by any central bank or monetary authority. Customers can cash out their Bitcoin funds into real money in their bank account directly within 24 hours. The even better news is that the company will cover the losses out of its Secure Asset Fund for Users. And it’s unclear whether the compromise of two-factor codes and API keys will have broader implications.

They ultimately decided against it, but even the specter has implications. Moreover, short-selling gives them a better chance to earn profits even if the price of an asset drops. You’ll receive commissions on every trade your referrals make - across Binance Spot, Futures, Margin trading, and even Binance Pool. Make sure you login and provide your email or phone number, select your issue from the options, if your issue wasn’t answered click ‘unresolved’ and type ‘human’ to interact with our live support team, then click ‘okay’ to proceed. Click moved here, select ‘unsolved’ and type ‘human’ to join the live CS queue. This will help users that still need help get the attention they need. At the very least, all Binance users need to update their API keys and two-factor authentication immediately. On a technical side, Binance has the ability to handle 1.4 million orders per second, combined with its ability to host 20 million users, and multilingual support, the exchange has huge capacity when it comes to taking on more users without slowing or stalling. Why Should Traders Use OCO Orders While Trading Cryptocurrency? In a surprising move, Binance will continue to allow trading during that time-even though hackers may still control some high-net-worth accounts-though it will disable deposits and withdrawals until it’s sure the hackers are accounted for.

Do not hesitate to help your fellow Binancians as long as their inquiry is a general one, however attempting to engage in sensitive matters, or providing wrong information will lead to the comment being removed. Please note: We can’t help you unless you provide us with a valid case ID. Please note that we can only help you if we deem your case to be legitimate, if you have attempted to hack an account and request for unsuspension, you will be unsuccessful as we have processes in place to prevent this. Our agents will try their best to help unlock the withdrawal - please coordinate with our team and provide relevant information when prompted to do so. Please do note any support requests outside of this thread will not be attended to, thanks for understanding. We use this thread to consolidate any support questions or queries into one place. Please refrain from leaving multiple messages in this thread if your case has already been escalated. "The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time. This week’s newsletter describes a proposal to allow multiple derivation paths in a single output script descriptor and includes our regular section with summaries of notable changes to popular Bitcoin infrastructure projects.

● Evaluate miniscript: wallet developers are encouraged to evaluate this proposed language that can allow wallets to adapt to new script templates without requiring changes to the underlying wallet code for each new template. Our team works extremely hard to resolve these issues as soon as possible and some cases can take time to resolve but please keep in mind the reason for this is to ensure you, our users, are safe. If the price fluctuations don’t get you, a hacker, a fraud, or a scam is always just around the corner. Maybe that’s a good segue to get back to the idea of Lightning and why you at Square and especially Square Crypto have focused so heavily on it as opposed to any number of other things. The good news is that $40 million comprises only 2 percent of Binance’s overall bitcoin holdings. Good question! Binance itself isn’t clear on the scope of the breach. In Bitcoin, the message in question is a transaction. The more interesting question might be who could have been affected, not by the hack itself but by Binance’s reaction.