Binance hackers suddenly move $8 million worth of stolen Bitcoin
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In May, Binance (one of the world’s most prominent cryptocurrency exchanges) suffered a sophisticated cyberattack that saw hackers make away with 7,000 BTC (then, $40M; now, $83.5M) in a single transaction.
In response, Binance CEO Changpang Zhao publicly floated the idea of rolling back the Bitcoin blockchain to reverse the attack.
The plan, however ill-advised, would’ve consisted of recruiting a majority of the Bitcoin network to work in unison against the hackers, a plot similar (in effect) to a “51-percent attack.”
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