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Binance hacked for over $40M worth of Bitcoin

Wednesday, May 8, 2019 by Piyush Suthar | Comments

Home News Tech Binance hacked for over $40M worth of Bitcoin

Binance suffered what it’s calling a “large scale security breach” yesterday evening. The hackers were able to transfer 7,000 Bitcoin (over $40 million at the time of writing) in one transaction from the company’s hot wallet. In an announcement last night, Binance‘s CEO Changpeng Zhao said that hackers were able to obtain user API keys, two-factor authentication (2FA), and potentially other info – it has not disclosed what, though. At this point, Binance also doesn’t know how many accounts have been affected. Binance claims the attackers used a range of techniques including phishing and malware to carry out the hack. The…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Authored by Piyush Suthar
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