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Are there any security incidents or breaches reported on Binance or Poloniex platforms?

avatarJoyner HubbardNov 29, 2021 · 3 years ago3 answers

Can you provide any information about security incidents or breaches that have been reported on the Binance or Poloniex platforms? I'm concerned about the safety of my funds and want to make sure these exchanges have a good track record in terms of security.

Are there any security incidents or breaches reported on Binance or Poloniex platforms?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Both Binance and Poloniex have maintained a strong security record with no major security incidents or breaches reported. They have implemented robust security measures, including two-factor authentication, cold storage for funds, and regular security audits. Your funds should be safe on these platforms.
  • avatarNov 29, 2021 · 3 years ago
    As of my knowledge, there have been no security incidents or breaches reported on Binance or Poloniex platforms. These exchanges prioritize the security of their users' funds and employ advanced security measures to protect against potential threats. However, it's always a good practice to enable additional security features like two-factor authentication and regularly update your account passwords to further enhance the security of your funds.
  • avatarNov 29, 2021 · 3 years ago
    I can't speak for Binance or Poloniex, but I can tell you that at BYDFi, we take security very seriously. We have implemented multiple layers of security measures to protect our users' funds, including cold storage, regular security audits, and strict access controls. Our goal is to provide a secure trading environment for our users, and we continuously work to improve our security protocols.