The crypto-stock exchange Binance has just been hacked after a major coordinated attack. Some 7074 BTCs were transferred from a Binance-owned BTC portfolio valued at approximately $ 41 million.
A well-managed crisis
Tonight, via Twitter, the company continues to inform users and has even made a live via Periscope to answer questions and be transparent.
— Binance (@binance) May 8, 2019
On the Binance site, we learn that ” hackers were able to obtain a large number of user API keys, 2FA codes and potentially other information. Hackers have used various techniques, including phishing, viruses and other attacks. “
In total it is about 7000 bitcoins that came out of the crypto-bourse, or 2% of their holdings in BTC. The portfolio has been called “hot” (connected to the internet), and the company reassures users that “all other portfolios are safe and unscathed”.
Binance will use the Secure Asset Fund for Users (SAFU) fund to fully cover the losses of this incident.
For a week the company will review the security of its systems and data. Period during which deposits and withdrawals will be suspended.
An opportunity for TRON?
Justin Sun, founder of the blockchain TRON, took the opportunity to surf this info by offering to buy 7000 BTC for the purchase of crypto-currencies BNB, TRON (TRX), BitTorrent Token (BTT) through Binance. Lack of luck for him, deposits are suspended for a week.
— Justin Sun (@justinsuntron) May 8, 2019
Do you think this piracy will have an impact on Binance’s reputation? React by commenting.