Hackers Steal $40 Million Dollars Worth Of Bitcoins In Digital Heist

Ann Santiago
Мая 10, 2019

Zhao said the hackers used phishing and viruses to obtain application programming keys and two-factor authentication, and possibly other information, from Binance staffers.

The 7,000 Bitcoins are worth roughly $40 million, based on current Bitcoin composite pricing calculated by Bloomberg.

However, the debate over Binance's handling of the hack - focusing on an idea being entertained by Zhao to undo the day's transactions - continued. The company said it will cover the incident "in full" so no users' funds will be affected.

Withdrawals will continue to be blocked for the next seven days while Binance carries out a security check.

CZ paints a picture of a well-orchestrated premeditated attack, planned and executed by hackers who had the patience and skill to tap into multiple seemingly independent accounts at the most opportune time. More recent examples are the 2016 Bitfinex hack which led to 120,000 bitcoin being stolen resulting in 36% bail-in from exchange users. "There may also be additional affected accounts that have not been identified yet", a statement from the company reads. "Once executed, the withdrawal triggered various alarms in our system". However, until the investigation is done, all the withdrawals and deposits, states Changpeng, will stay suspended while trading will be open.

Читайте также: Mohamed Salah to miss second leg against Barcelona with concussion

"All of our other wallets are secure and unharmed", said the statement. It does hurt very much but we are able to cover that.

"Starting from 2018/07/14, we will allocate 10% of all trading fees received into SAFU to offer protection to our users and their funds in extreme cases", the company said last summer when it created SAFU.

As Bitcoinist reported, markets quickly shook off the impact of the attack, Bitcoin price 00 dropping only $200 and for a matter of hours before rebounding. However, the real action happened in 2018 when we saw more than $1.1 billion in cryptocurrency getting hacked on exchanges.

After all, 7,000 BTC is hardly chump change, and the fact that it all came from a single account suggests that it most likely belonged to an institutional investor/trader or a bitcoin whale.

Another user highlighted the fact that hackers withdrew the same amount of Bitcoin a year ago.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Other reports by

Discuss This Article