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Three ways to prevent exchange hacks—how 3FA can foil cryptocurrency exchange robberies

The recent hack of the world’s biggest cryptocurrency exchange, Binance, highlights the need for heightened security in the crypto space. In what Wired reported as “a ‘large-scale security breach,’ hackers stole not only 7,000 bitcoin—equivalent to over $40 million ($56 million at the time of this writing, just one week later)—but also some user two-factor […] The post Three ways to prevent exchange hacks—how 3FA can foil cryptocurrency exchange robberies appeared first on CryptoSlate. дальше »

2019-5-16 17:22


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Binance Relaunches With $1.2M Giveaway Following System Upgrade

Cryptocurrency exchange Binance is preparing to leave its $40 million hack behind it, confirming it had relaunched most of its service May 15. Binance Goes Live (Again) Only around one week after hackers managed to circumvent security mechanisms in what CEO Changpeng Zhao said was a coordinated attack, Binance is finishing its last checks before going fully live. дальше »

2019-5-15 16:30


Sacrilegious Binance Reorg Would ‘Erode’ Bitcoin: Blockstream

By CCN: Blockstream CEO Adam Back told the What Bitcoin Did podcast that the block reshuffling proposed by Binance CEO Changpeng Zhao would raise “geopolitical issues” had it been attempted. Accept That Bitcoin Is Final Back explained why the idea of a chain reorganization as a means to punish hackers or rescue lost bitcoins is a terrible idea. дальше »

2019-5-15 12:25


Hacked Crypto Exchange Cryptopia Opts For Liquidation

Hacked cryptocurrency exchange Cryptopia has appointed liquidators as executives warn of an investigation lasting “months rather than weeks. ” Meanwhile, Binance is undergoing a major upgrade. Cryptopia Users Brace For Long Haul In a press release May 14, accounting firm Grant Thornton confirmed it was overseeing liquidation procedures at the New Zealand exchange, which lost $23 million NZD ($15. дальше »

2019-5-15 12:00


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Binance Bolsters Security Measures Following $40 Million Bitcoin Hack

Binance CEO Chanpeng Zhao wrote in a blog, May 10, 2019, that they’re making significant changes to their security methods in the wake of the recent hack. Strengthening Defenses and Tracking Hackers On May 7, 2019, the largest cryptocurrency exchange Binance was hacked and a hefty amount of $40 million was stolen from its hot wallet. дальше »

2019-5-11 13:00


Binance hack: CZ gives latest security updates; platform to tentatively resume trading early next week

The entire cryptocurrency community felt the effects of the recent Binance hack, with hackers making off with over 7000 BTCs, amounting to a whopping $40 million. The news was revealed by Binance CEO Changpeng Zhao, who informed the community that the hackers had used sophisticated hacking techniques to steal assets, private keys and the 2FAs. дальше »

2019-5-10 11:13


Bitcoin Price: Mark Yusko’s $400,000 Target is Bold – But Not Insane

By CCN: Morgan Creek Capital Management founder Mark Yusko spoke to Bloxlive. tv about the Binance hack and his startling prediction that Bitcoin will eventually be worth $400,000. Morgan Creek Founder: Hackers Prove the Value of Crypto Yusko made a compelling case, taking a positive out of the massive $40 million loss that Binance suffered, saying that hackers prove the value of Bitcoin. дальше »

2019-5-10 21:52


Binance Hackers Stole Only Bitcoin For This One Important Reason

Hackers stole $40 million in Bitcoin from cryptocurrency exchange Binance specifically because they trusted it most. ‘Bitcoin Ledger is the Most Immutable’ That was the conclusion circulating among the cryptocurrency community May 8 in the days after one of the world’s biggest trading platforms accepted it was unlikely to recover the funds and would need to repay users out of its own pocket. дальше »

2019-5-9 18:00


Coinfirm: хакеры дробят похищенные с Binance биткоины, пытаясь замести следы (обновлено)

Согласно данным специалистов блокчейн-компании Coinfirm, днем 8 мая из похищенных из Binance 7000 биткоинов хакеры перевели 1214 BTC ($7. 3 млн) на новые адреса. According to @Coinfirm_io analysis the @Binance hacker has recently moved over 1214 #BTC (~$7. дальше »

2019-5-9 10:35


‘Shocked He Went There:’ Crypto Takes Sides On Binance’s Alleged Bitcoin Reorg Plan

Cryptocurrency’s best-known figures continue to debate exchange Binance’s handling of its $40 million hack amid claims executives planned to undo past Bitcoin transactions.   Binance CEO Rejects Reorg In a lengthy debate still playing out on social media, Binance received mixed reviews after CEO Changpang Zhao appeared to suggest there was a plan to conduct a reorganization (‘reorg’) of the Bitcoin blockchain. дальше »

2019-5-9 00:00