Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been hacked. The hack occurred on May 7, 2019, and resulted in the theft of 7,000 BTC (worth approximately $40 million at the time).
This is the second time that Binance has been hacked, with the first occurring in July 2018.
Binance CEO Changpeng Zhao (CZ) announced the hack in a blog post on the evening of May 7. In the post, CZ said that hackers were able to obtain a “large number of user API keys, 2FA codes, and potentially other information” in a “large scale security breach.
” He also said that the hackers used a variety of techniques, including phishing and viruses, to carry out the attack.
As a result of the hack, Binance has suspended all withdrawals and trading on its platform. It is currently working with law enforcement to investigate the attack.
CZ said that all user funds are safe and that no user funds will be lost as a result of the hack.
This is a developing story and we will provide updates as more information becomes available.
Did Binance Get Hacked?
Yes, Binance was hacked on May 7, 2019. The hack resulted in the theft of 7,000 BTC (worth approximately $40 million at the time).