Binance said no user funds will be affected, and that it will use an emergency insurance fund to cover the losses in full.
Cryptocurrency thefts and investor scams increased more than 400 percent in 2018, totaling about $1.7 billion in losses, according to the cybersecurity firm CipherTrace. By Hamza Shaban Hamza Shaban Technology reporter Email Bio Follow May 8 at 12:42 PM In a single withdrawal, hackers siphoned $40 million in bitcoin from one of the largest cryptocurrency exchanges in the world.
Many people are drawn to bitcoin because they can make transactions anonymously. Though the trades are recorded in public transactions, individual account holders are not personally identifiable, a key reason the cryptocurrency is so appealing to criminals. Law enforcement agencies do have ways of tracking stolen bitcoin, however, including tying a person’s known IP address to their bitcoin transactions and tracing how hackers exchange large amounts of bitcoin into hard currency.
“It was unfortunate that we were not able to block this withdrawal before it was executed,” Binance said in a statement. “Once executed, the withdrawal triggered various alarms in our system. We stopped all withdrawals immediately after that.”Even cryptocurrency investors unscathed by hacks and scammers are still feeling the pain of a market that has dwindled in value.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Binance CEO 'CZ' Reports $40 Million Bitcoin HackCryptocurrency exchange Binance has reported what appears to be its largest bitcoin hack to date.
Consulte Mais informação »
Binance hacked: Huge cryptocurrency exchange loses $40 million as mystery cybercriminals take 7,000 bitcoin'While it is a very expensive lesson for us, it is nevertheless a lesson,' the company CEO responded.
Consulte Mais informação »
Binance CEO 'CZ' Reports $40 Million Bitcoin HackCryptocurrency exchange Binance has reported what appears to be its largest bitcoin hack to date.
Consulte Mais informação »
Hackers stole $40 million of bitcoin from one of the world's largest crypto-exchangesHackers stole $40 million of bitcoin from one of the world's largest crypto-exchanges. The exchange said it would cover all losses.
Consulte Mais informação »
Hackers steal $40 million worth of bitcoin in massive security breachBinance, a major cryptocurrency exchange, says hackers stole more than $40 million worth of bitcoin from its customers
Consulte Mais informação »
Hackers steal over $40 million worth of bitcoin from one of the world's-largest cryptocurrency exchangesBinance warned that 'hackers may still control certain user accounts and may use those to influence prices' but said it would cover the incident 'in full,' meaning users' funds would not be affected.
Consulte Mais informação »
Beyond Meat gets first buy rating as Bernstein sees 'alternative meat' industry worth $40 billionThe alternative meat industry could be worth $40.5 billion in the next decade Bernstein said in a note on Tuesday.
Consulte Mais informação »
Big Banks Push to Free Up $40 Billion From Postcrisis RestrictionsThe biggest U.S. banks are ramping up efforts to secure a regulatory reprieve they believe will give them access to a nearly $40 billion pot of money tied up by restrictions.
Consulte Mais informação »
Hackers Swipe More Than $40 Million of Bitcoin From Cryptocurrency ExchangeBinance, one of the world’s largest cryptocurrency exchanges, said hackers stole more than $40 million worth of bitcoin from its platform in what it called a “large scale security breach.”
Consulte Mais informação »