$1.2 Million BNB Given Away By Binance Following Hack

The world’s biggest cryptocurrency exchange, Binance has been under fire the past weeks after it experienced a hack following a security breach on its platform.

Although that being said, many members of the community stood by Binance in their time of need with Justin Sun of TRON offering a helping hand to the exchange during the crisis.

Yesterday though (15th May), the exchange came back online after they lost 7,000 Bitcoins were stolen from the platform.

? Trading is now LIVE! ?

Thank you, for all of your patience and incredible support. ? pic.twitter.com/DPZhBLLyL4

So yes, Binance is now fully stable with all deposits and withdrawal features enabled.

Because the community was so kind to CZ and Binance throughout this whole affair, the CEO of the exchange said that the exchange will be giving away $1.2 million in Binance Coin.

First and foremost, giving $1,200,000 equivalent in $bnb back as a thank you for standing by us, also one level up for all VIPs. https://t.co/nLAGEr6p4I

According to the giveaway announcement, all users that have a valid trading volume of one Bitcoin or more across any trading pairs on Binance during the promotion period will split a pool of 50,000 Binance Coins.

This is a goodwill gesture from Binance but it is nice to see. You can’t really say a bad word against the firm after this, I mean, you don’t hear of any other exchange giving away free crypto following a hack do you?

Source: Read Full Article