Bitcoin Forum
September 22, 2018, 12:00:05 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Trading bot used by majority of people on Binance got hacked; not Binance.  (Read 159 times)
JuniAiko
Member
**
Offline Offline

Activity: 126
Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh


View Profile WWW
March 07, 2018, 05:54:56 PM
Merited by xtraelv (1)
 #1

This is why I am staying away from using trading bots, and doing it the old fashion way.

People who are using a particular trading-bots which got hacked got all their altcoins sold off into BTC, and bought VIA.
Could this hack be a scam by VIA-coin?

https://www.financemagnates.com/cryptocurrency/news/binance-suspends-withdrawals-trading-bot-hacked-users-accounts/
Quote
According to several posts on Reddit, Twitter and other social channels, ‎someone hacked the trading bot used by majority of people on Binance. The ‎hackers sold the altcoins in comprised accounts and bought another virtual ‎coin, Viacoin (VIA)‎.

The basic facts for now was that many accounts got hacked, then they pumped VIA price, which rose from 3500 to 18000 in a few minutes, using the comprised accounts’ assets.

[|NEO|ONT|XLM|WAN|ADA|ELA|VEN|EOS|NCASH|TRX|IOTA|>
Einax Airdrops and Bounties made easy! List your ERC-20 token
FREE
ETH markets launching soon!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537617605
Hero Member
*
Offline Offline

Posts: 1537617605

View Profile Personal Message (Offline)

Ignore
1537617605
Reply with quote  #2

1537617605
Report to moderator
1537617605
Hero Member
*
Offline Offline

Posts: 1537617605

View Profile Personal Message (Offline)

Ignore
1537617605
Reply with quote  #2

1537617605
Report to moderator
Monta3002
Sr. Member
****
Offline Offline

Activity: 299
Merit: 257



View Profile
March 07, 2018, 06:00:04 PM
 #2

This is why I am staying away from using trading bots, and doing it the old fashion way.

People who are using a particular trading-bots which got hacked got all their altcoins sold off into BTC, and bought VIA.
Could this hack be a scam by VIA-coin?

https://www.financemagnates.com/cryptocurrency/news/binance-suspends-withdrawals-trading-bot-hacked-users-accounts/
Quote
According to several posts on Reddit, Twitter and other social channels, ‎someone hacked the trading bot used by majority of people on Binance. The ‎hackers sold the altcoins in comprised accounts and bought another virtual ‎coin, Viacoin (VIA)‎.

The basic facts for now was that many accounts got hacked, then they pumped VIA price, which rose from 3500 to 18000 in a few minutes, using the comprised accounts’ assets.

There is a technical issue on their system and there was not hack issue but binance currently working on the problem. Do not worry it will be good at anytime

★★★★★
▄▄██████▄▄
▄█████▀  ▀█████▄
▄████▀        ▀████▄
▄███▀              ▀███▄
▄██▀                    ▀██▄
▄██▀                        ▀██▄
██        ▒▓▓▓▓▓▒▒            ██
██      ▒▓▓▒▓█▓ ▒▓▓▓          ██
██   ▒▒▓█▓▒ ▒▓▓  ▒▓█▓▒▒▒      ██
██  ▒███▓▓▓█▓▓▓▓▓▓▓▓▓████▓▒   ██
██  ▒█▓▓▒▒▒▓▓▓▓▓▓▓▓▓▓▒▒▓▓██▒  ██
██  ▒██▓▓▓▓▓▓▓▓▓▓▓▓▓▒▓▓▓▒▓█▒  ██
██   ▒▒▓█▒▓▓▒▓▓▓▓▓▓▓██▒█▓▒█   ██
██      ▓█▓▒         ▓▓▓      ██
██                            ██
▀██▄                        ▄██▀
▀██▄                    ▄██▀
▀███▄              ▄███▀
▀████▄        ▄████▀
▀█████▄  ▄█████▀
▀▀██████▀▀
▀▀
TrustedCars
Flex




























Changing Car Ownership Forever
√ Commitment free               √ Transparent
√ Affordable for everybody  √ Paperless














Whitepaper
Lightpaper
ANN Thread
Facebook
Twitter
Telegram
▄▄██████▄▄
▄█████▀  ▀█████▄
▄████▀        ▀████▄
▄███▀              ▀███▄
▄██▀                    ▀██▄
▄██▀                        ▀██▄
██        ▒▓▓▓▓▓▒▒            ██
██      ▒▓▓▒▓█▓ ▒▓▓▓          ██
██   ▒▒▓█▓▒ ▒▓▓  ▒▓█▓▒▒▒      ██
██  ▒███▓▓▓█▓▓▓▓▓▓▓▓▓████▓▒   ██
██  ▒█▓▓▒▒▒▓▓▓▓▓▓▓▓▓▓▒▒▓▓██▒  ██
██  ▒██▓▓▓▓▓▓▓▓▓▓▓▓▓▒▓▓▓▒▓█▒  ██
██   ▒▒▓█▒▓▓▒▓▓▓▓▓▓▓██▒█▓▒█   ██
██      ▓█▓▒         ▓▓▓      ██
██                            ██
▀██▄                        ▄██▀
▀██▄                    ▄██▀
▀███▄              ▄███▀
▀████▄        ▄████▀
▀█████▄  ▄█████▀
▀▀██████▀▀
▀▀
★★★★★
jmlona
Member
**
Offline Offline

Activity: 280
Merit: 16


View Profile
March 07, 2018, 06:05:59 PM
 #3

There were many reports I saw on reddit of people saying their funds were also sold and that they had never ever used a bot and had no clue what API is.

I don't suspect that we are ever going to fully know the details of what happened but I don't see why these people would lie, it will be easily verifiable for Binance. I guess the only reason is if they want to cause panic.

CRYPTFUNDER.IO ▼ Disruptive Funding for Startup ICOs
Join Our ICO Now!  ≡  Whitepaper | One Pager
Twitter   Facebook    Youtube    Medium    Telegram    ANN Thread
Shammahtech
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
March 07, 2018, 06:10:48 PM
 #4

Just read this somewhere. Is this what affected bitcoin going down?
JuniAiko
Member
**
Offline Offline

Activity: 126
Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh


View Profile WWW
March 07, 2018, 06:11:30 PM
 #5

No, its actually 3rd party API running on Binance to automate trading, e.g. those annoying trading bots.
Binance accounts are safe. Perhaps a good thing that those bot users got burned.

[|NEO|ONT|XLM|WAN|ADA|ELA|VEN|EOS|NCASH|TRX|IOTA|>
jmlona
Member
**
Offline Offline

Activity: 280
Merit: 16


View Profile
March 08, 2018, 04:37:29 PM
 #6

So it turns out that the accounts were all phished. What I don't understand is how so many accounts were able to be accessed, I would have thought that almost all accounts were protected by 2fa and this would have stopped the issue?

I think I must be missing something.

CRYPTFUNDER.IO ▼ Disruptive Funding for Startup ICOs
Join Our ICO Now!  ≡  Whitepaper | One Pager
Twitter   Facebook    Youtube    Medium    Telegram    ANN Thread
simple999
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
March 08, 2018, 04:51:03 PM
 #7

This is why I am staying away from using trading bots, and doing it the old fashion way.

People who are using a particular trading-bots which got hacked got all their altcoins sold off into BTC, and bought VIA.
Could this hack be a scam by VIA-coin?

https://www.financemagnates.com/cryptocurrency/news/binance-suspends-withdrawals-trading-bot-hacked-users-accounts/
Quote
According to several posts on Reddit, Twitter and other social channels, ‎someone hacked the trading bot used by majority of people on Binance. The ‎hackers sold the altcoins in comprised accounts and bought another virtual ‎coin, Viacoin (VIA)‎.

The basic facts for now was that many accounts got hacked, then they pumped VIA price, which rose from 3500 to 18000 in a few minutes, using the comprised accounts’ assets.

hanks for the information, but it's better to do without bots, there's no trust in them...
Baofeng
Sr. Member
****
Offline Offline

Activity: 532
Merit: 260


View Profile
March 08, 2018, 04:59:02 PM
 #8

So it turns out that the accounts were all phished. What I don't understand is how so many accounts were able to be accessed, I would have thought that almost all accounts were protected by 2fa and this would have stopped the issue?

I think I must be missing something.

Let's wait for Binance to make a formal announcement as how the hack happened. Actually they did the suspend withdrawals right away so that they can investigate further.

Not all accounts has been phished there are reports that most users funds are still intact. And it was really the bot who exploited or probably found vulnerabilities to make a sell and convert everything to bitcoin. I'm sure Binance is doing everything right now and inform their clients about what really happened.

bustadice         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
[bustadice.
Play
bustadice]
hackl3r
Member
**
Offline Offline

Activity: 96
Merit: 10


View Profile
March 08, 2018, 05:02:53 PM
 #9

That's too bad  Embarrassed, binance is my favorite exchange for many reasons, one of them is that i can withdraw 0-2 BTC per day 

center]▌▌   Anonymous and Untraceable     ›› ››   DeepOnion  ‹‹ ‹‹     TOR INTEGRATED & SECURED    ▌▌
▬▬▬▬▬▬▬▬▬▬     ANN  Whitepaper  FACEBOOK  Twitter  Youtube  Forum     ▬▬▬▬▬▬▬▬▬▬
▌▌   ••  JOIN AIRDROP 🚀  ••  |||   Download DeepOnion   |||   ✅ Verified with DeepVault    ▌▌[/center]
jmlona
Member
**
Offline Offline

Activity: 280
Merit: 16


View Profile
March 09, 2018, 04:04:19 PM
 #10

So it turns out that the accounts were all phished. What I don't understand is how so many accounts were able to be accessed, I would have thought that almost all accounts were protected by 2fa and this would have stopped the issue?

I think I must be missing something.

Let's wait for Binance to make a formal announcement as how the hack happened. Actually they did the suspend withdrawals right away so that they can investigate further.

Not all accounts has been phished there are reports that most users funds are still intact. And it was really the bot who exploited or probably found vulnerabilities to make a sell and convert everything to bitcoin. I'm sure Binance is doing everything right now and inform their clients about what really happened.

You're right, it's just interesting and fun to speculate while we wait!

Turns out Binance announced that all transactions have been reversed and the only ones to lose funds were the ones who tried to instigate the attack  Grin sucks to be those guys! I hope they lost a lot and binance seizes whatever else they had in their accounts.

CRYPTFUNDER.IO ▼ Disruptive Funding for Startup ICOs
Join Our ICO Now!  ≡  Whitepaper | One Pager
Twitter   Facebook    Youtube    Medium    Telegram    ANN Thread
digaran
Hero Member
*****
Offline Offline

Activity: 910
Merit: 611

111113DUwES2ZNWSJztA3oBuhzfcdmiaG


View Profile
March 09, 2018, 09:11:28 PM
 #11

Inside job or inside job. however you look at it, somebody with information about these bots and how they work, did this. they pumped VIA coin, why not pumping my activity token? all they needed was to pump the price and have people buying their VIA coins in FOMO.
If they stopped any withdrawals and reversed all the trades, what is the point of doing this?

HOWEYCOINS   ▮      Excitement and         ⭐  ● TWITTER  ● FACEBOOK   ⭐      
  ▮    guaranteed returns                 ●TELEGRAM                         
  ▮  of the travel industry
    ⭐  ●Ann Thread ●Instagram   ⭐ 
✅    U.S.Sec    ➡️
✅  approved!  ➡️
Yella415
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile
March 11, 2018, 06:58:27 AM
 #12

So it turns out that the accounts were all phished. What I don't understand is how so many accounts were able to be accessed, I would have thought that almost all accounts were protected by 2fa and this would have stopped the issue?

I think I must be missing something.

Let's wait for Binance to make a formal announcement as how the hack happened. Actually they did the suspend withdrawals right away so that they can investigate further.

Not all accounts has been phished there are reports that most users funds are still intact. And it was really the bot who exploited or probably found vulnerabilities to make a sell and convert everything to bitcoin. I'm sure Binance is doing everything right now and inform their clients about what really happened.

That’s a great sign for binance to suspend withdrawals to protect people’s money. I feel safer with my funds on an exchange that protects the customers money.
BrewMaster
Hero Member
*****
Offline Offline

Activity: 938
Merit: 630


There is trouble abrewing


View Profile
March 11, 2018, 08:01:24 AM
 #13

maybe i missed it but the article had no mention of the name of the bot and just calls it "the trading bot used by majority of people"! so which one is it? and how was it hacked. you can't just write an article and make claims expecting us to take your word for it. let us know the name of this bot so we can avoid it or follow up with a fix for it.

vallera
Newbie
*
Offline Offline

Activity: 59
Merit: 0


View Profile
March 13, 2018, 06:29:16 PM
 #14

It might be Altcoinbot.io according to https://news.bitcoin.com/bots-blamed-for-binance-bug-that-leaves-traders-counting-reeling/
TravelMug
Sr. Member
****
Offline Offline

Activity: 602
Merit: 254



View Profile
March 13, 2018, 06:53:43 PM
 #15


In the past couple of days, Binance has done its investigation and it looks like they found the culprit.

I checked their official twitter page and it doesn't mentioned about the bot exploit though.

https://twitter.com/Altcoinbot_IO?lang=en   

What I really don't understand is that why VIA though.


       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
   
       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
  B

          ▄▄▄▄▄▄
     ▄▄████████████▄▄
   ▄█████▀▀    ▀▀█████▄
  ████▀            ▀████
 ████                ████
▐███                  ███▌
███▌                  ▐███
▐███           ▄▄     ███▌
 ████         ▀███▄  ▐███
  ████▄         ▀███▄███
   ▀█████▄▄     ▄█████▀
     ▀▀████████████▀▀
          ▀▀▀▀▀▀
T 
Better. Quick.

Transparent.






             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀






▄█████████████████████████▄
███████████████████████████
███████████████▀       ████
██████████████      ▄▄▄████
██████████████    ▐████████
██████████████    ▐████████
██████████            ▐████
██████████            █████
██████████████    ▐████████
██████████████    ▐████████
██████████████    ▐████████
▀█████████████    ▐███████▀






                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!