Binance Hacked: Bitcoin Exchange Suffers $40 Million Security Breach

2019-5-8 03:27

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 maintenance” was unfolding.

The Binance CEO tweeted that it “was not the best of days. ” 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

The post Binance Hacked: Bitcoin Exchange Suffers $40 Million Security Breach appeared first on CCN

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