John McAfee insists on breaking Binance. How will this affect the reputation of the exchange?

John McAfee insists on breaking Binance. How will this affect the reputation of the exchange?

The world’s largest cryptocurrency exchange Binance was forced to suspend its work, explaining that technical problems. On 9 February, after a successful reboot your server, Binance resumed trading.

John McAfee, a security expert and well-known public figure in the cryptocurrency community, insisted that the exchange was hacking, reinforcing their approval of the screenshots that were sent to him by users of different social networks.

“I received dozens of similar screenshots from a variety of sources. I’m not saying that the attack really was. I’m just asking for clarification. If hacking really occurred, and we will respond to them immediately, the chances of return of means can be regarded as zero,” said McAfee.

In response to the statement by McAfee, the CEO of the company, Chanpen Jiao said that John McAfee creates FUD, and the market will prove that there was no forced entry. To prove his innocence guide Binance transferred funds from your cold wallet to hot. Team Binance called McAfee not to spread false information and provided evidence that the funds on the exchange in the security, publicly demonstrating the e-wallet of the exchange.

Jiao added that the exchange was not hacked, but there was a problem with the server, and the team focused on recovery of data to facilitate trade.

In recent years, many cryptocurrency exchanges and trading platforms were attacked by hackers. Coincheck lost 530 million dollars, and recently the largest exchange Nano (RaiBlocks), BitGrail was hacked.

The difference between the hacking and the secondary server problem is that when hacking everyone can see the movement of vast amounts of cryptocurrency wallets from exchange to external wallets, as was in the case of Coincheck.

A few hours before the team Coincheck has confessed to hacking attack, many members of the community have published evidence that hundreds of millions of dollars in the NEM was transferred from wallet Coincheck to external wallets .

Thus, if there is no evidence of moving a large number of cryptocurrencies on the outside wallets, that’s hardly an harakka attack..

11 Feb Director-General Binance, Chanpen jao has published a personal statement about a recent problem with the server Binance and actions McAfee .

“Mr. McAfee, claiming that we were hacked, actually helped us greatly. He joined a community which was for us a much-needed support. Sometimes things that seem negative, are actually of benefit.”

This morning,February 12, John McAfee in its official Twitter account made a public apology in the address of the Binance:

“I would like to apologize to the exchange Binance and its CEO Campana jao for that spread dubious rumors about the exchange and its future actions.
I am a professional in the field of cyber security, but then my instincts, supported by numerous questionable messages destabilized my mind. Forgive me.»

Trading platforms process billions of dollars daily. Thus, in the event a hacker attack or security breach, cryptocurrency exchanges often collaborate with law enforcement to investigate the attack, as did Coincheck. In addition, given the size of most of the major cryptocurrency exchanges, it is irresponsible to make assumptions about hacker attacks, without having conclusive evidence.

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