Binance’s $10M hacker bounty fund is great example of smart PR

Last week, heaps of panicked cryptocurrency traders rushed to the Binance community on Reddit to report that their altcoins had suddenly been converted to Bitcoin – without their consent and with no prior notification. But thanks to its excellent reaction to all this chaos, the company has come back from this massive mishap even stronger – and is now announcing a $ 10 million fund for future bounty awards and a $ 250,000 reward for any information that leads to the arrest of the perpetrators of last week’s attack. Before we get into why this is such a brilliant PR move, it’s…

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