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5/8, 7:34 AM (Source: TeleTrader)
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Binance: Over $40M worth of bitcoin stolen by hackers

Binance announced that hackers stole 7,000 bitcoins from the exchange in a single transaction that included multiple accounts so that the platform's security system would not notice any suspicious behavior. The security breach means that over $40 million worth of bitcoins were stolen.

The transaction affected Binance's bitcoin hot wallet and the platform stressed that no other wallets were affected by the attack. However, Binance warned its users that it is suspending deposits and withdrawals in order to conduct a detailed security check of its systems and that the hackers may still control some accounts on the platform. Trading will be enabled throughout the security review.

Binance is the world's largest cryptocurrency exchange by trading volume.

Breaking the News / VP