As we celebrate a quite successful 2019 in the crypto industry and enter the new year with new hope, hacks and scams across the industry remain a problem we have to face in 2020. Centralized exchanges and custodial wallets were the most targeted institutions across 2019 with investors losing over $500 million in the process.
There was a sudden shock, confusion, and fear in the Crypto Twitter community as Binance website became inactive with no trades for over 20 minutes. Some members of the community report that there are no trades shown on the UI when users log in. Unscheduled maintenance The Binance team after about half an hour of
Binance hack restored more confidence in Bitcoins primarily because of the transparency of the ledger and that practiced by Binance under CEO, Changpeng Zhao. Moreover, it also revealed certain characteristic features of Bitcoin that were earlier not popular among the investors and users like chain re-org, multiple-outputs in a single transaction and difference between SegWit
At the center of whole Binance hack debate, there’s John McAfee who lent his helping hand to the founder and CEO of Binance, CZ. He offered his 51 years of Cybersecurity experience to attempt 7000 BTC hack at Binance exchange and CZ in response accepted his offer. For now, no other details have been revealed
Bitcoin [BTC] which was looking to break down late on Tuesday due to the Binance Hack news seems to be holding its price strongly. Post the update, Bitcoin fell by 2% in about 12 hours, however, as soon as the reassurance from Binance’s CEO, CZ was delivered, the price started to recover. The price of
With $40 million hacks at crypto exchange Binance, CZ in a recent AMA had indicated his upcoming plans. He stated that Binance team are deciding to pursue rollback on the bitcoin network but he quickly adds his confirmation on Twitter that they’re not considering it. Crypto community is under the pressure following the unfortunate incident
Binance CEO, Changpeng Zhao went live earlier to address the users and the crypto-community about the 7000 Bitcoin [BTC] hack. He noted that to secure from further attacks the deposits and withdrawals are expected to be suspended for a week. They are conducting a review of the hacking attempt and will roll-out system upgrades soon.
Rumors of Binance hack surfaced earlier this day when some users reported unusual trades being triggered through their accounts. The binance CEO Changpeng Zhao has assured users that their funds are safe. Was Binance hacked? In its initial statement on Reddit, Binance said it was investigating these reports, announcing all withdrawals had been suspended but pushing