I got involved with Bitcoin in December 2017 and since then I have being accumulating through various exchanges.
At the beginning, as I got to learn the space I liked Coinbase even though I never used them. My opinion however has drastically changed since I got to know their philosophy a bit better. Unfortunately I am starting thinking the same for Binance. They have both become a vendor of shit, promoting and selling vaporware.
Since I do not like to spend my time on drama, I will finish writing this article in order to protect anyone reading it in the future. I will then forget the existence of Binance and will not waste another second of my time on them. What made me lose respect for them is the following article
I have now withdrawn everything I had stored on them and will never use them again.I had already sold my BNB for BTC since June and I will never be touching it again. I will probably feel a lot of regret if BNB does a x100 from here but I put my integrity first and avoid doing Business with exchanges that do not respect their customers.
From the title of the article “Statement on False “KYC Leak” the premise is set that someone leaked personal information but Binance had nothing to do with it, therefore the word “False”. Reading however a bit further Binance admits that they contracted a KYC/AMC vendor. This vendor was somehow hacked/leaked the KYC information that were stored on their side and not on Binance’s side.
“On initial review of the images made public, they all appear to be dated from February of 2018, at which time Binance had contracted a third-party vendor for KYC verification in order to handle the high volume of requests at that time.”
As a result so far, hundreds of people had their pictures and their IDs leaked publicly. Binance cleans their hand of blood saying that well, the photos where not watermarked by our system therefore all accusations against Binance are False and “FUD”.
They also claim that these alleged leaks are old information, therefore trying to downgrade the importance of this incident. When has Binance informed us in the past about this specific leak and its surroundings ? Never.
Finishing the article they reward up to 25 BTC to anyone who can provide information identifying the hacker. So they admit that there was indeed a hacker but you name the incident as “FUD” and “False” ?