Things to know after kucoin hack -

1. Your keys your funds
2. Funds are SAFU on CEX upto a certain limit
3. Tether can freeze hacker funds
4. Hacks no longer dump BTC
5. @cz_binance is here for building strong crypto community

#KuCoin
#kucoinhack
#Binance

Your key your funds -

Buy a hardware wallet to hold funds which you don't need daily

Keep small amount in your metamask, mew wallets and exchanges

I will recommend Ledger Nano X

Funds are SAFU -

normally exchange hacks leaves you rekt but exchanges like @binance genuinely care for its users so have SAFU fund. SAFU is synonyms for SAFE named by @cz_binance

@kucoincom also promised to compensate any loss in this hack

USDT centralised vs decentalised

On one side people are happy hacker usdt frozen by @paoloardoino
But another side some may call it centralized crypto

However Tether clearly says it's centralized and reason also logical - they are regulated firm answerable to authorities.

MT. Fox hack
Bitfinex hack
Binance hack

Time is changed now, no more dump in BTC even after hack news.

In last 10 months several other exchanges are hacked or exit scammed but no big movement on crypto market

Adoption of Crypto with hacks

Humble and Helpful @cz_binance

From 2 years many times @binance came forward and shown their support to exchanges or affected projects in such cases. It shows their dedication for not just making Binance SAFU but also whole industry #SAFU-er
along with all leading exchanges.