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Does Binance has policy about refund in case of hacking stealing funds on users account?

Binance

Cryptocoins Exchanges / Binance 244 Views

Hello everybody,

I'm planning to switch from Trezor to Binance and hold coins there despite Trezor having much,much better protection,transaction fee were last month extremely high and I will lose a lot of money on fees especially if ETH jumps to +$7k,so I'm planning to transfer all funds on Binance.

I know that exchange sites don't offer refunds in case of hacking attacks,but I heard that Binance was attacked severely in 2019. and that $40 million dollars were stolen,but what surprised me the most was fact that Binance refund all people who lost their money in that incident,so I would like to know is that ''one time act'' or does BNB has that policy all the time in case of hacked accounts?

Kind regards

submitted by /u/ChrisRedfield-STARS
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