# ## # Never a dull moment in Crypto. Apparently the Crypto Exchange Giant customers was having issue as of this morning user have access there accounts finding there altcoins sold for bitcoins an buy orders where made for viacoin at a higher than its regular value. Now weather is a hacker move or inside trading it was a smart move for profit who benefited is yet to be known.
Apparently its only affecting user who issued API on there accounts Furthermore binance has confirmed the issue comes from the API via Third party tools an is not a direct compromise issue (there users compromise not binance) all funds are safe for now.
Well as a no1 rule from day one is to never keep funds on an centralize exchange for long periods of times that we cannot afford to lose its the golden rules we tend to get comfortable with Exchanges holding our crypto like the same ways centralize banks holds our fiat but always remember who holds the private keys holds the bag crypto bag that is. Well as of now Binance is aware of the issues an is investigating the matters they have disabled withdrawals during the investigations
Suggestions to users of the Binance exchanges always enable 2fa security and disable API asap... an most importantly watch out for phishing sites
But weather this is just a regular mishaps or compromise it will only make future exchange stronger in my opinion compared to banks being robbed an there security upgrading because of the fact. Crypto world is young so we need to be vigilant an take proper precaution when going into crypto i myself lost but eventually learn from my mistakes an so will Binance......