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How much was stolen in Binance's bitcoin hack?

How much was stolen in Binance's bitcoin hack?
Asked by
Dan Smith categorie-icon time-icon2 months ago
1 Answer Answer Question

Bryan Reynolds
Answered time-icon2 months ago

World’s biggest cryptocurrency exchange, Binance, was hacked yesterday leading to losing more than 7,000 bitcoins, worth around $41 million in today’s market. The incident is being investigated and this was reportedly the largest hack to date.

The founder of Binance and its CEO, Changpeng Zhao, first said that “unscheduled server maintenance” will be performed.

A few hours later, Zhao confirmed that hackers stole 7,074 from the exchange, which his about 2% of the company’s total BTC holdings.

“The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet,” stated Binance representatives

Binance is investigating the attack and operating a complete review of its network, expected to finish after one week. Meanwhile, all deposits and withdrawals will be suspended, but trading will continue.

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