A third party wallet, SAFU wallet has been found to be malicious and many users of the wallet reportedly have lost their funds. Accordingly, Binance took to Twitter to alert the community of the situation and discourage them from using the wallet.
SAFU Wallet is Not “SAFU”
It appears as SAFU wallet is not “SAFU” (a term widely used to mean “Funds Are Safe”) as a users pointed out that the wallet extension is malicious and is stealing users’ data. Binance updated the community with the information on Twitter Friday morning.
— Binance DEX (@Binance_DEX) October 11, 2019
The report comes following a Twitter user’s tweet about the wallet hack which stated that the chrome SAFU wallet extension was malicious and due to it, funds had been stolen from several customers. He also added a screenshot of SAFU wallet user review which clearly stated that mnemonic keys had been hacked and funds stolen.
Wallet hack alert: DO NOT use and report that Wallet extension. It has stolen already lots of funds by injecting malicious code
@cz_binance you may want to look at this because it specifically called after your fund.
— Ouriel Ohayon (@OurielOhayon) October 11, 2019
Binance Warns the Community
According to an official announcement by Binance chain forum, users of the wallet were advised to uninstall the SAFU wallet, report any losses and share any information that they thought was useful.
Accordingly, some users of the wallet reported losses as feedback to the announcement. A user revealed that his SAFU wallet had received a little amount of BNB, perhaps for fee, followed by a total transfer of all his funds.
A few other forum members also reported such cases while giving details relating to their loss of funds such as the various addresses to which their funds were sent.
Another Server Issue Needs Fixing At Binance
Amid talks and concerns of security issues, Binance CEO, Changpeng Zhao, updated his Twitter handle to also inform the community about an ongoing ” server issue” which he said was affecting all withdrawals. According to CZ, the issue may take roughly two hours to fix and assured everyone that they knew exactly how to fix it.
We have a server issue affecting ALL withdrawals. May take 1-2 hours (rough estimate) to fix. We are aware of the exact issue and how to fix it. Still working on a more accurate ETA. Will keep you posted. Apologies for the inconvenience.
Trading is not affected. Funds are #SAFU
— CZ Binance (@cz_binance) October 11, 2019