May 17, 2019 · The momentary price strike triggered the platform’s security system which halted the trades rendering the hack unsuccessful. Outwitting the Fraudsters. Following the hack, Binance CEO CZ suggested a few ways to get back the funds and one of those was reversing the blockchain to undo the illegal transactions. Aug 26, 2019 · Hackers have taken a toll on Binance. In May, the world’s leading cryptocurrency exchange by volume suffered a hack that saw roughly $40 million of its reserve funds disappearing into thin air. Then, just earlier this month, the company became the subject of a blackmailing and extortion attempt from a hacker who allegedly gained access to several users’ photo IDs originally used for KYC purposes.
Aug 07, 2019 · Binance Rebukes KYC Leak FUD as Controversy Roils Bitcoin Giant Binance is currently running interference against what it views as a “fear, uncertainty, and doubt” campaign against the Bitcoin exchange giant. Binance is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa). On May 7, 2019, Binance experienced a major hack which resulted in 7000 Bitcoins stolen from the exchange. However Binance has stated that all losses will be covered by its emergency insurance fund (aka SAFU). Aug 10, 2019 · Binance KYC data leak drama an indictment of vulnerable services built around Bitcoin. In a data leak which is speculated to be linked to the hack back in May, which resulted in a theft of 7000 BTC from the exchange, nearly 60,000 Binance users’ KYC data has been reportedly compromised.
The Binance Hacking Incident. If you read the cryptocurrency news daily, you’ve probably heard about the Binance hack. There was an entire fuss over the social media and everyone went nuts about it. It wasn’t the fact that people lose money, because Binance will refund any affected user based on the SAFU fund. It was more than this. Aug 15, 2019 · This was ahead of Guardian M broadcasting KYC data via Telegram and Coindesk disclosing the talks between hacker “Bnatov Platon” and Binance. That is to say, Binance has early been informed of its KYC info leak and the existence of “insiders” who are helping in the 7,000 BTC hack.
Smart contract flaw: as transactions cannot be reversed on the blockchain, any failure in the smart contract, leading to a hack, could lead to massive losses for users of a decentralized protocol. As Ethereum is being developed and continues to evolve at a fast pace, platforms need to constantly remain up-to-date with development and potential ... Know-your-customer, or KYC, is a legal requirement by financial institutions to collect identifying information for all customers attempting to trade, withdraw and deposit. ... News Hack Binance. Aug 07, 2019 · Has Binance been hacked – KYC records posted on Telegram news emerging! Details are just emerging but it appears that due to yet another Binance hack, KYC details of 1000’s of customers have been stolen and posted publicly online in a telegram group. Binance Offers Lifetime VIP Accounts to KYC Leak Victims. Binance also said it is offering a lifetime VIP membership to all its users affected by the recent KYC hack. The lifetime Binance VIP membership will include preferential trading fees, support, and “more services.”
Aug 25, 2019 · Binance explained that at the moment of reviewing the leaked images, there was a lot of Photoshop involved and that they didn’t match the KYC pictures in its database, making emphasis on the ...
Aug 08, 2019 · Binance’s Changpeng “CZ” Zhao and the public relations team quickly stepped up to debunk the rumors. In a statement, the industry unicorn explained that more likely than not, the images were stolen from a third-party KYC provider, not Binance itself. Aug 08, 2019 · Prior to publishing details about real Binance customers online Wednesday, a hacker operating under the pseudonym “Bnatov Platon” had a month-long conversation with CoinDesk reporters. In the talks, Platon revealed how he allegedly hacked individuals behind an earlier hack in which 7,000 bitcoin was stolen from the world’s largest exchange. Yine, sayıları giderek azalsa da, KYC ve AML süreçlerini içermeyen ve kendine bu yönde bir niş edinen borsaların sayısı da halen az değil. Binance’de yaşanan hack olayının ardından bu tarz olayların aydınlatılmasında KYC ve AML süreçlerinin ne kadar önemli olduğu bir kez daha ortaya çıktı. May 08, 2019 · The Binance hack shows that even the biggest exchanges are still operating retail-level operations instead of the deep, sophisticated tech and procedures that banks have honed over decades. Banks too get hacked, of course, and if hackers are determined enough, they can breach anyone’s defenses.
Aug 08, 2019 · Binance Hack - A hacker who claims to have stolen Binance KYC data from thousands of customers, demanded 300 BTC from the cryptocurrency platform to not release the data. Read to know more!