Binance

  • Binance to Resume US Operations Within Two Months, Predicts CEO CZ

    Changpeng Zhao, CEO of cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within next two months.

    Aug 16, 2019
  • How to Avoid Hackers From Stealing Your Crypto Funds on Binance Exchange

    In this opportunity, we present you in a compacted way these ‘best practices’ that you should apply in a general way not only in the exchange but in any other platform where you can compromise your privacy and that of your funds.

    May 23, 2019
  • Crypto Exchange Binance Says It’s Revamping Security in Post-Hack Update

    Cryptocurrency exchange Binance said it is revamping security measures after losing some 7,000 bitcoin worth over $40 million in a hack earlier this week.

    May 10, 2019
  • Defiant Binance CEO Insists ‘We Aren’t Short on Funds’ after $40 Million Hack

    Binance CEO Changpeng Zhao says that the exchange is not hurting at all after the $40 million hack that reportedly took place earlier today, in which hackers managed to withdraw around 7000 BTC.

    May 8, 2019
  • Hackers Steal $40.7 Million in Bitcoin From Crypto Exchange Binance

    Hackers stole more than 7,000 bitcoin from crypto exchange Binance, the world’s largest by volume, the startup reported Tuesday. Binance announced that a “large scale security breach” was discovered earlier on May 7, finding that malicious actors were able to access user API keys, two-factor authentication codes and “potentially other info,” the exchange’s CEO, Changpeng Zhao, said in a letter. As a result, they were able to withdraw roughly $41 million in bitcoin from the exchange, according to a transaction published in the security notice. The disclosure comes hours after Zhao tweeted that the exchange was undertaking “some unscheduled server maintenance,” writing that “funds are #safu.” After the disclosure announcement, Zhao tweeted that the exchange would “provide a more detailed update shortly.” The exchange may not yet have identified all impacted accounts, he said. And according to Binance’s statement, the breach only impacted Binance’s hot wallet, which contains roughly 2 percent of the exchange’s total bitcoin holdings. “All of our other wallets are secure and unharmed,” he said, adding: “The hackers had the patience to wait, and execute well-prepared actions through multiple seemingly…

    May 8, 2019

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