Binance creates Hacker Bounty

A bold move from Binance against hackers and scammers, very well thought off in my opinion.

Basically, they are offering $250,000 to anyone who supplies information that leads to the legal arrest of the hackers involved in the attempted hacking incident on Binance on March 7th, 2018.

Furthermore, they have allocated the equivalent of $10,000,000 in crypto reserves for future bounty awards against any illegal hacking attempts on Binance.

That's huge. Not just the fund, but also the move itself.

Binance is also inviting other exchanges to join in on the initiative which would be very welcoming for the crypto trading community, because it would offer a real defense against the hackers.

I for one welcome this initiative.

Read more about it on Binance Medium Blog

If you don't have an account yet on Binance, it's a good move to open one since they are proving they are one of the best exchanges out there on a regular basis.

You may use our link if you chose to, thank you.

Happy and safe trading!