Apparently there's been discussions on the subject and I'm somewhat upset about it. I mean, one would think that the OGs, the big dogs, or however you want to call them would know better, but now I'm not so sure.

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But Ethereum did it...

I honestly think that's apples to oranges, and still when Ethereum did the reorg of the chain they pretty much invited FUD to follow them for the rest of the century. Let's think about this, the idea is that blockchain is immutable, if you do anything against that core principle, you are literally destroying trust and thus value.

As a matter of fact, the very reason why ETC (ethereum classic) exists, is because they did a reorg, and those who held on to their principles, could simply not accept it. Yes, ETC has plenty of issues today, and it's quite vulnerable so you could say it lost the battle for the name, but the point does stand. It was a risky move, and for a blockchain as big as BTC is simply not worth it.

The only choice

To me the damage is done and there's very little CZ and Binance can do to recover the funds. Yes, they should inform all exchanges of the addresses that pertain to the hack, to hopefully lock them out from selling dumps, but that won't stop them entirely, How could it?

Truth is, there's a big percentage of those 7000 BTC that will sit still waiting for the dust to settle, then they will probably be swapped in mixers, sent to decentralized exchanges and what not. I suspect this was an inside job, and that the group of hackers know how to play the longer game too.

As for the funds for Clients, well, that's why there's #safu and CZ has informed its users they have enough funds to cover the loss. But again, absolutely NO REDO.

MenO