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.
NOTE: WARNING: Binance has been the target of numerous cyber attacks, including phishing attempts and malicious viruses. While Binance has not been hacked, it is important to exercise caution when using the exchange and to remain vigilant of any suspicious activity. Additionally, users should always ensure that their accounts are secured using two-factor authentication and other security measures.
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).
9 Related Question Answers Found
It’s been a tough week for cryptocurrency exchanges. First, OKEx suspended withdrawals, then KuCoin’s hot wallet was hacked, and now Binance. US is facing some serious allegations.
It’s been a tough week for cryptocurrency exchanges. First, it was reported that Binance, one of the largest and most popular exchanges, had been hacked. Then, just a few days later, it was revealed that another major exchange, OKEx, had also been hacked.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been hacked. The exchange has confirmed that hackers stole 7,000 Bitcoin (BTC) from its hot wallet. The hack was first reported by The Block, which cited “a person familiar with the matter” as saying that the hackers had used a variety of techniques, including phishing and viruses, to steal the funds.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been hacked. The exchange announced the news on Tuesday, saying that hackers had stolen 7,000 bitcoins worth about $40 million. The hack is a major setback for Binance, which has grown rapidly since it was founded in 2017 and is now one of the most popular cryptocurrency exchanges.
Binance, the world’s largest cryptocurrency exchange by trading volume, can’t seem to catch a break. The latest bad news for the company is that hackers were able to steal over 7,000 Bitcoin (worth around $40 million at press time) from its hot wallet. This is the second time in less than two years that Binance has been hacked, and it’s sure to renew concerns about the safety of centralized exchanges.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, went down for about two hours on Wednesday amid a massive sell-off in digital currencies. The outage began at around 7:30 a.m. ET, and the website showed only an error message that said “system maintenance.” Trading on the platform resumed at around 9:30 a.
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 loss of 7,000 Bitcoin, worth approximately $40 million at the time. This is not the first time that Binance has been hacked; in March 2018, hackers stole $30 million worth of Bitcoin from the exchange.
It’s no secret that cryptocurrency exchanges have been hacked in the past. In fact, it seems like hardly a week goes by without another exchange being hit. So, the question on everyone’s mind is: can my Binance account be hacked?
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, was hacked in May 2019. The hack resulted in the loss of 7,000 BTC, worth approximately $40 million at the time. Binance has since reimbursed all affected users from its own reserves.
