Binance has been fairly forthcoming about the hack, detailing its impact in a blog post from Binance CEO Zhao Changpeng. "The hackers used a variety of techniques, including phishing, viruses and other attacks," wrote Zhao. The lawsuit was filed in Manhattan federal court, one day after the SEC sued Binance, the world's largest cryptocurrency exchange, and relevant website its founder Changpeng Zhao. We estimate this will take about ONE WEEK. "It takes only a handful of miners who will go along with a reorg. The network layer is open to anyone who wants to participate. I find it extremely easy to use for beginner people who are not familiar with the hundreds of terms and complicated concepts of the cryptoworld. They did, however, allow users who were in prior to the ban to recover their valuables. However, there are also plenty of cloud mining scams out there. However, 2% fee is incurred if you buy cryptocurrency using a credit card.