Binance Is Hacked! For the First Time in Its History

Binance Is Hacked! For the First Time in Its History

The hackers withdrew more than 7000 BTC (≈ $41,5 million) the world's #1 crypto exchange in one transaction. They managed to get access to a large number of user API keys, 2FA codes, and other info.

CEO Binance CZ announced that only one hot wallet was affected, the rest of the users' money was left untouched. All the deposits and withdrawals will remain suspended during a week while the crypto exchange is investigating what has happened. Binance will use the #SAFU fund to cover this incident in full.

Why is it important?

After this news 10 biggest cryptocurrencies plummeted and are still in "a red zone".