Binance, the world’s largest crypto exchange by volume have had a “large scale security breach” and reportedly hackers stole more than 7,000 bitcoin through it; Binance announced about the hack on Tuesday.
As per the post, the exchange discovered the breach earlier on May 7 and found that malicious actors were able to access user API keys, two-factor authentication codes and “potentially other info,” as states by exchange’s CEO, Changpeng Zhao, said in a letter. The hackers managed to withdraw roughly $41 million in bitcoin from the exchange, according to a transaction published in the security notice.
The disclosure arrives hours after Zhao announced on twitter, that the exchange was undertaking “some unscheduled server maintenance,” writing that “funds are #safu.” Later Zhao tweeted again asserting that the exchange would “provide a more detailed update shortly.”
Will provide a more detailed update shortly. https://t.co/CCqdwtYFB5— CZ Binance (@cz_binance) May 7, 2019