BINANCE UPDATE :HACKED. ??steemCreated with Sketch.

in #mgsc6 years ago (edited)

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Todays i am going to update you about last week roumour ,which happen on binance exchannge
Update # 1: Binance announces unplanned system maintenance; Rumors of Binens' Cisco (Sys) API exploitation lead to 7,000 BTC theft.

Update # 2: Binance announced that all API keys will be reset as 'Carefully safeguard'.

Update # 3: Binense Issues 'Event Rack' Issues On The Source Of The Root Issue

Update # 4 Binance announced that business will resume at 08:00 AM (UTC).

Full story

Update # 1

One of the leading cryptocurrency exchanges, Binnance has announced an unplanned system maintenance, which has rumors
The CEO also Tweeted that they were working on the situation although details remain unclear:
Binance or Syscoin (SYS) API hacked?

Some Twitter users are estimating that some hackers misuse vulnerabilities in the syscoin (Sys) API in Binance.

Update: Hackers were able to recycle the binance's API key (this was a binance issue, not a (SYS) issue)

This led to an increase in the random trade and crazy prices shown below.
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Further, according to @crypto_briefing, three large Bitcoin transactions totaling 7,000 BTC (approximately $45M USD) went out shortly before the halt in trading.
We received a screenshot of some orders executed, and it is not beautiful. 13,152 SYS coins were sold on 1.1 BTC / SYS while 11 were sold for 96 BTC / SYS as you see in the image from the unknown source below.
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Update # 2 - Binance announces the API keyset in its latest update, BINANCE Indirectly expressed concern over API vulnerabilities. It completely fits with SysCoin (SYS) API Exploit rumors, which can start unplanned 'maintenance'.
Update # 3 BINANCE has issued an 'incident returning' on his blog regarding abnormalities in SYSCOIN (SIS) trading. Although the report is actually an extension on what happened, then the statement agrees mostly about their previous updates about the API key. The negatively affected users from the event can deposit a support ticket.BINANCE announced in the same post that it is making a safe asset fund for users (Safu). Safu will be equal to a self-funded insurance policy [All] Protect the future interests of all users ".
Update # 4 - On the external, the 'maintenance' is now announced that its 'system maintenance' is now complete and this trading will be re-started at 08:00 (UTC).
Its the complete story about binance hacked.
I you like the blog upvt and comment.
Thanx
BE HAPPY
STAY HEALTHY
BEST OF LUCK

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good info. thanks

ya its roumour , binance have really strong security there are many attacks done on binance but it was failed because they have strong security team.
what do you think??

Agree with you

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Good morning

Binnace is a good trading platform. It is less likely to be hacked, but nothing is impossible in this era of science.

Thanks for sharing

Negativity on the crypto market.

If it is a rumour then they should sit up tight because when the rumours become too many, a potential truth may come out of it.

@pawanain
Dontworry everything good

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