Binance Suffers a Security Breach, CZ Calls It ‘Not the Best of Days’

May 8, 2019 boss

By CCN: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintanance” was unfolding.

As it turns out, it was much worse than imagined, with hackers making away with 7,000 bitcoins, which at the current BTC price is worth approximately $40 million. The funds were stolen from Binance’s hot wallet, which was comprised of 2% of the exchange’s bitcoin holdings.

Binance issued the following statement:

“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 used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.”

Not the best of days, but we will stay transparent. Thank you for your support!https://t.co/Y1CQOatEpi

— CZ Binance (@cz_binance) May 7, 2019

Binance says all of its other wallets are “safe and secure.”

This story is developing…click here for a real-time bitcoin price chart.

Spread the love

April 5, 2025 boss 0

Binance Data Reveals Surprising Bitcoin Trading Patterns—Here’s What Traders Are Doing

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is...

News Other Crypto News
April 4, 2025 boss 0

Bitcoin crash risk to $70K in 10 days increasing — Analyst says it’s BTC’s ‘practical bottom’

Analysts say Bitcoin (BTC) price could drop to $70,000 within the next ten days as one...

News Other Crypto News
April 4, 2025 boss 0

Traders holding onto Bitcoin despite market panic: Binance

Crypto markets declined in March due to concerns over the ongoing trade war and monetary policy....

Bitcoin News News

Fastcrypto.trade is a multi-platform publisher of news and information. fastcrypto.trade has earned a reputation as the leading provider of cryptocurrency news and information that improves the quality of life of its readers by focusing on finance. All posts are intended for informational purposes only. There are multiple security risks and methods that are ultimately made by the decisions of the user. There are various steps mentioned in reviews and guides and some of them are optional. Fastcrypto and the authors are not responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. For good measure always cross-reference guides with other walkthroughs found online or CryptoX and other platforms.

Fastcrypto.trade היא חברה המפרסת על פלטפורמות רבות חדשות ומידע על עולם מטבעות קריפטו. fastcrypto.trade זכתה למוניטין כספק המוביל של חדשות קריפטו ומידע המשפר את איכות חיי הקוראים על ידי התמקדות בהשקעות. כל הפוסטים מיועדים למטרות מידע בלבד. ישנם מספר סיכונים ושיטות אבטחה המתקבלות בסופו של דבר על ידי החלטות המשתמש או הקורא. ישנם שלבים שונים המוזכרים בסקירות ובמדריכים וחלקם הינם אופציונליים. Fastcrypto והמחברים אינם אחראים להפסדים, טעויות, צעדים מדלגים או אמצעי אבטחה שלא ננקטו, שכן תהליך קבלת ההחלטות האולטימטיבי לבצע כל אחד מהדברים הללו הוא אך ורק באחריות הקורא. למען הסדר הטוב, יש תמיד הפניות של מדריכים עם פריצות דרך אחרות שנמצאו באופן מקוון או CryptoX ופלטפורמות אחרות.

Fastcrypto.trade هو ناشر متعدد المنصات للأخبار والمعلومات. اكتسب fastcrypto.trade سمعة بصفته المزود الرائد لـ cryptocurrency news والمعلومات التي تعمل على تحسين جودة حياة قرائها من خلال التركيز على التمويل. جميع المنشورات مخصصة لأغراض إعلامية فقط. هناك العديد من مخاطر الأمان والأساليب التي يتم إجراؤها في النهاية بواسطة قرارات المستخدم. هناك العديد من الخطوات المذكورة في المراجعات والأدلة وبعضها اختياري. فاستكريبتو والمؤلفون غير مسؤولين عن أي خسائر أو أخطاء أو خطوات تخطيت أو تدابير أمنية لم تتخذ ، حيث أن عملية اتخاذ القرار النهائية للقيام بأي من هذه الأشياء هي مسؤولية القارئ وحده. للحصول على إرشادات مرجعية جيدة دائمًا ، يمكنك الاطلاع على أدلة مرجعية مع نقاط تجول أخرى موجودة عبر الإنترنت أو CryptoX ومنصات أخرى.

Home | About Us | Terms | Privacy Policy | Disclaimer | Contact Us | RSS

Copyright © fastcrypto.trade

Proudly powered by WordPress | Theme: SuperMag by Acme Themes