47 min
Binance hacked! 7000 BTC Stolen NBTV: Your Money, Your Data, Your Life
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- Technology
Just announced, Binance was hacked today, 7000 BTC stolen, which is around $40 mil.Earlier today CZ tweeted:"Have to perform some unscheduled server maintenance that will impact deposits and withdrawals for a couple hours. No need to FUD. Funds are #safu."Then 5 hours later this security breach update was released:https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update"We have discovered a large scale security breach today, May 7, 2019 at 17:15:24. Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. ...The hackers were able to withdraw 7000 BTC ...The above transaction is the only affected transaction. It impacted our BTC hot wallet only (which contained about 2% of our total BTC holdings). All of our other wallets are secure and unharmed."Binance will cover these funds with their "SAFU fund" that was set up last year as a security measure for emergency situations like this.Withdrawals and deposits will be frozen for 1 week, but trading will continue. As a show of support, Justin Sun has offered 7000BTC in USDT to cover Binance if needed, but it seems like the SAFU fund has things in hand.Will update you with more details as they become available!To watch the video version of the segment, visit:https://youtu.be/VsihQAQCq1QSupport the Show.
Just announced, Binance was hacked today, 7000 BTC stolen, which is around $40 mil.Earlier today CZ tweeted:"Have to perform some unscheduled server maintenance that will impact deposits and withdrawals for a couple hours. No need to FUD. Funds are #safu."Then 5 hours later this security breach update was released:https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update"We have discovered a large scale security breach today, May 7, 2019 at 17:15:24. Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. ...The hackers were able to withdraw 7000 BTC ...The above transaction is the only affected transaction. It impacted our BTC hot wallet only (which contained about 2% of our total BTC holdings). All of our other wallets are secure and unharmed."Binance will cover these funds with their "SAFU fund" that was set up last year as a security measure for emergency situations like this.Withdrawals and deposits will be frozen for 1 week, but trading will continue. As a show of support, Justin Sun has offered 7000BTC in USDT to cover Binance if needed, but it seems like the SAFU fund has things in hand.Will update you with more details as they become available!To watch the video version of the segment, visit:https://youtu.be/VsihQAQCq1QSupport the Show.
47 min