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Ever lose access to your business accounts?

Yes, I just read the update now about the $570 million which had been stolen in a hack of the blockchain which was as a result of transactions that are being controlled by code. Why this didn't get to me was because it was never announced investors lost their money as a result of the hack. It was Binance who lost.

Well, we can just think about people who got locked out of their accounts just because the exchange was hacked. There might be many different types of businesses that might be reliant upon cryptocurrency platforms such as binance. So, locking out of such platforms could cause hurdles.
 
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Well, we can just think about people who got locked out of their accounts just because the exchange was hacked. There might be many different types of businesses that might be reliant upon cryptocurrency platforms such as binance. So, locking out of such platforms could cause hurdles.
You will not blame Binance for taking precautions in trying to stop the hack. If they locked out everyone from accessing their account, it's for their own good because if they don't stop the hack with access to account left open, those hackers will steal more.
 

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