On May 7th, Binance announced it had found a significant security violation. Hackers stole around 7074 Bitcoin worth about $40 million in the time of the writing and could acquire access to several 2FA codes and API keys.
The Binance hack
Deposits and withdrawals are turned off for the upcoming seven days, though the European exchange states that its liquidity will pay for the losses and no consumer funds will be impacted. Since no Cold Storage is harmed, there is no reason to panic.
The so-called “hot wallet” has been compromised and 2% of the Total Binance Bitcoin Holdings are gone of Binance Yesterday’s hack on found a total of two percent of all Binance’s Bitcoin holdings evaporate into thin air.
According to the launch, the Bitcoin wallet of the exchange has been influenced by the event. This is supposed to be reassuring, given the quantity of Bitcoin along with that the multitude of this assault which Binance is currently holding.
Find out more: https://blogs.airdropalert.com/binance-hacked-7000-btc-stolen/
Related: https://airdropalert.com/updates/justin-sun-will-help-binance-after-hack
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