Binance, the world’s largest cryptocurrency exchange by trading volume, was last hacked in May 2019. The hack resulted in the loss of 7,000 BTC, worth approximately $40 million at the time.
Binance has since made a number of changes to its security protocol, including the introduction of a new “Secure Asset Fund for Users” (SAFU), which is designed to reimburse users in the event of a future hack.
NOTE: WARNING: When researching the security of cryptocurrency exchanges such as Binance, it is important to check all sources for accurate information. Be aware that the last time Binance was hacked was in May 2019, but this does not guarantee that it has not been hacked since then. Before using any cryptocurrency exchange, it is always recommended to investigate the security measures in place, and consider using a secure wallet to store your cryptocurrencies.
Despite these measures, Binance has faced criticism for its handling of the hack and its lack of transparency surrounding the incident. Some have even called for a class-action lAWSuit to be filed against the exchange.
In conclusion, Binance was last hacked in May 2019 and has since made a number of changes to its security protocol. Despite these measures, the exchange has faced criticism for its handling of the hack and its lack of transparency surrounding the incident.
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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, the world’s largest cryptocurrency exchange by trading volume, has been hacked. The hack occurred on May 7, 2019 and resulted in the loss of 7,000 BTC, worth approximately $40 million at the time of writing. This is equivalent to 0.
1% of Binance’s total BTC holdings.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has temporarily shut down. The shutdown was announced on Weibo, a Twitter-like service in China, and reported by The Block. At press time, the Binance website displays a notice that says the “system is under maintenance.”
The exchange has been inaccessible for more than two hours.
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.
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.
