These crypto exchangers needs to step up their online security in other to prevent investors from losing their hard earn money. We don't want to see what happen in the past to repeat itself again.
And concerning registering with the sec and other financial regulators as for me I totally disagree , because it will give the sec and government room to control the crypto market, thereby making the crypto technology revolution worthless . Because the crypto revolution is fighting against government nepotism and interference in controlling our financial life. Great and valuable post @lukestokes keep up your good work of providing quality contents for this community.
In this case, it wasn't Binance's fault. Seems to me that did a really good job of preventing the thieves from getting away with it. This was users clicking on phishing links and not being careful. This is users not using a password manager plugin to protect against phishing. This is users who didn't configure 2FA. We all need to step up or more users will lose their value and come running to mommy and daddy government to save them from themselves. We all need to level up.