What ended the story with breaking Binance. The official response of the exchange
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Yesterday evening, users of Binance on the loss of funds. Bot confirmed API keys sold coins and bought Viacoin. On messages including the response of the exchange rate of Bitcoin, which fell below 10 thousand dollars. After half a day the company published an official statement on the situation.
theHacking Binance ended well
A Statement on the support page of the exchange. Within two minutes from 14:58 to 14:59 UTC on the seventh of March the company recorded increased trading activity in the market VIA/BTC. Knocked out automatic risk management system, which temporarily blocked the withdrawal.
The Incident — part of a massive phishing attempts and theft of personal funds. She was preparing for a long time. The hackers collected data on user accounts at least two months, the first phishing attack dates back to the first days of January.
February 22, users complained about the Scam. The attackers used double official website Binance with a similar address. Many have fallen for this trick.
After identity theft hackers have set up a trading API keys for each account. Haven't used them up until yesterday.
Yesterday's scheme was simple. Hackers have placed buy orders on the market VIA/BTC via compromised accounts. The value of the coins in response to the increased. Here the game was supposed to come 31 prepared by the account that have been configured on selling coins to the highest bidder. Hackers wanted to make a significant difference in cost — this was an attempt to get money.
In the end nothing happened. The security system has disabled withdrawals, so to get the money hackers are unable. In addition, their deposits in VIAcoin was frozen. It turns out that they not only earned nothing, but have suffered losses.
The team Binance praised scams. According to the staff, they were seasoned and calmly waited for the perfect moment to attack. Besides, to maximize your earnings specially chosen VIA a coin that has a lower liquidity.
Users do not lose money. The only time — translation bitcoins and other coins in the VIA. The administration here Binance can't do anything, so to lose out on commissions still have.
After you unlock the users rushed to sell coins. Course VIA have fallen and probably will fall further.
The Company received good PR and it seemed to have saved reputation. Not to mention the actions of hackers. They were prepared to RAID much more as a designer.
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