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Soft Fork: Binance, Bitcoin, and reorgs

by Steven Zheng

May 10, 2019, 11:01AM EDT  ·  4 min read

Quick Take

  • Binance got hacked and was thinking about a reorg of the chain to recover its losses
  • They decided not do, even though it was completely possible (though less likely to be successful)
  • It would have been a cool experiment if they did it

by Steven Zheng

May 10, 2019, 11:01AM EDT  ·  4 min read

Soft Fork is a new weekly column exploring the pressing conversations around Bitcoin.


Three days after the Binance hack, there are still discussions about whether the cryptocurrency exchange could have carried out a chain reorganization to recoup their funds. 

So could they have? Yes. 

Would they have succeeded? Possibly…probably not.