WHat’s the issue with binance days ago???

[lucette2.0]

Hello,

I read everything regarding binance issue days ago.

It’s was hack or phishing issue ?

If it was phishing, how come user got caught, as binance need google Authenticator ?

Thanks for the lights

[BitHodler]

It was nothing more than a phishing attack on the dumber users of Binance, and it worked flawlessly. It was done to create a massive coin pump, where the hackers then would withdraw their Bitcoins, but failed.

Binance's security mechanism noticed malicious activity, and halted all withdrawals, where instead of the hackers making loads of money, they lost their coins because of how they couldn't withdraw anymore.

People always need to have 2FA active, but the most important aspect is that you don't click on links somewhere on the internet in order to visit a certain site. Always manually type your URL, which is a must.

Don't even bookmark anything. Type URL, check if it's correct, then proceed to the site. All this is common sense stuff.

[lucette2.0]

It was nothing more than a phishing attack on the dumber users of Binance, and it worked flawlessly. It was done to create a massive coin pump, where the hackers then would withdraw their Bitcoins, but failed.

Binance's security mechanism noticed malicious activity, and halted all withdrawals, where instead of the hackers making loads of money, they lost their coins because of how they couldn't withdraw anymore.

People always need to have 2FA active, but the most important aspect is that you don't click on links somewhere on the internet in order to visit a certain site. Always manually type your URL, which is a must.

Don't even bookmark anything. Type URL, check if it's correct, then proceed to the site.

Lucky binance security is on point

hackers can make loads of money if they could withdraw the money ? but that wasn’t the case cuz binance halted all withdrawals


I thought that all users on binance active their 2FA for security purpose, that’s why 2FA was created for


Thanks for thé advice regarding manually typing the url ,

Even the bookmark , it’s scary

[peter0425]

It was nothing more than a phishing attack on the dumber users of Binance, and it worked flawlessly. It was done to create a massive coin pump, where the hackers then would withdraw their Bitcoins, but failed.

Binance's security mechanism noticed malicious activity, and halted all withdrawals, where instead of the hackers making loads of money, they lost their coins because of how they couldn't withdraw anymore.

People always need to have 2FA active, but the most important aspect is that you don't click on links somewhere on the internet in order to visit a certain site. Always manually type your URL, which is a must.

Don't even bookmark anything. Type URL, check if it's correct, then proceed to the site.

Lucky binance security is on point

hackers can make loads of money if they could withdraw the money ? but that wasn’t the case cuz binance halted all withdrawals


I thought that all users on binance active their 2FA for security purpose, that’s why 2FA was created for


Thanks for thé advice regarding manually typing the url ,

Even the bookmark , it’s scary

That's why Binance is one of the top trading platform because of their security and the way they handle things. They did suspect withdrawals so that the hackers can't take the money from their customers. And now all funds are safe and the hackers ended up with 0. What I wanted to find out though, is what the hackers pump Viacoin.

But the good thing though is that they got nothing and actually lost their coins as well because its behind withheld by Binance. Sad day for the hackers.

[lucette2.0]

But didn’t the hackers succeed in withdrawal little amount ?

How about the owners of the Binance accounts that were impacted by the hackers?

Cuz the hackers bought a «  coin » with a pair, so the owner of the binance account lost all even the hackers couldn’t do the withdrawal as the coin bought worth less?

[vintages]

But didn’t the hackers succeed in withdrawal little amount ?

How about the owners of the Binance accounts that were impacted by the hackers?

Cuz the hackers bought a «  coin » with a pair, so the owner of the binance account lost all even the hackers couldn’t do the withdrawal as the coin bought worth less?

No, the hackers didn't succeed in withdrawing in any coins, but instead they lost their coins at the process. And since no users coins was lost at the process, the owners of the accounts that caused the whole issue obviously did not loss anything either and probably they might disable the account to prevent any issues;  we dont know. Like stated above, one has to be very careful and double check the URL you visit.

[AjithBtc]

This has been a try to hack their hot wallet and take the funds into their control. Binance has kept it in a secure manner retaining the control without any sort of loss, another thing they gave users all a clear description to be on the safer side, in particular they suggested to keep Eth into MEW.

[J Sykes]

Their api keys were stolen so somebody used peoples money via binance to pump a coin they had placed a large stake in. They then cashed out and returned the funds into peoples account. Basically a hacked pump and dump

[SnowIce]

I do not believe it was hacked. Binance floor is the world number 1 with a staff of experienced in the field of blockchain.
Perhaps some sort of force is manipulating it.
You should keep your money carefully.

[Austin Alexis]

Hello,

I read everything regarding binance issue days ago.

It’s was hack or phishing issue ?

If it was phishing, how come user got caught, as binance need google Authenticator ?

Thanks for the lights

Ye it was a phishing scam that gained access to their api to drive up the price of a coin which the hackers had a large stake in. Pretty cunning and clever if we are all honest