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Author Topic: 3rd party trading bot got hacked; not Binance.  (Read 111 times)
JuniAiko (OP)
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March 07, 2018, 05:56:10 PM
Last edit: March 07, 2018, 06:17:38 PM by JuniAiko
 #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/
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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.

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March 07, 2018, 06:10:16 PM
 #2

Did you even read the article? are you sure those people are using bots? surely binance will deny that because they have good reputation with their security,this is the first time i have heard binance was hack.The APIs of the users were compromised and use their assets to buy VIACOIN,the hacker has sold of his VIAs before he did it.

I am not using any bots can you tell me how my account was compromised?

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March 07, 2018, 06:15:10 PM
 #3

According to the last binance comment at reddit it's true. Only users used API keys have been involved in this viacoin hack pump. This is the first case with the hack of this type I suppose...



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JuniAiko (OP)
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March 07, 2018, 06:16:02 PM
 #4

The 3rd party API running on Binance to automate trading, e.g. those annoying trading bots, got hacked. There were other reports out there about this.

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March 08, 2018, 03:33:16 AM
 #5

The 3rd party API running on Binance to automate trading, e.g. those annoying trading bots, got hacked. There were other reports out there about this.

Binance Hack is summarized as follows
- From the 22nd of February, 1818, binance information was forged on the website (the site has binance with 2 dots above and below). Many users have been cheated and logged in to this site
- Hacker after the account has been taken to create the API key, however they did nothing,
- 07/03/2018, the hacker has used the API key has appropriated to order a large number of buy VIA / BTC, while 31 other accounts put the bulk order. The purpose of this is to transfer the BTC from the hacked accounts above to these 31 accounts
- Hackers attacked organized, not forceful, prepared forces for March 7, they have selected VIA, coin with the number of transactions (vol) small, to maximize profits
- The transactions yesterday may not be binance refunded
=> People need to preserve their own account from fake websites.
Protect it with 2fa and enter the correct webmaster.

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March 08, 2018, 04:04:51 AM
 #6

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.


Hacking it has the victim's pass long ago, where as early as 1 month. About 22nd February, there is a site like binance, only 2 characters, so her children are leaked, log in as usual, so lose the pass or "

This is not logical in terms of time. In the beginning of January there is a pass, then what is the attack?

According to the translation is started attack early January. By 22/2, the attack is over a website fake Binance
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March 08, 2018, 04:11:02 AM
 #7

Did you even read the article? are you sure those people are using bots? surely binance will deny that because they have good reputation with their security,this is the first time i have heard binance was hack.The APIs of the users were compromised and use their assets to buy VIACOIN,the hacker has sold of his VIAs before he did it.

I am not using any bots can you tell me how my account was compromised?

After Binance was attacked, the CEO had a tweet to reassure the public, and so the scammer snapped up the opportunity very quickly.

At the time of post, I saw 5 transactions transferring ETH to scammer's wallet, total value> 3ETH.

There is no way to make money easy to hit people who are just as stupid: v

p / s: The scammer's wallet for anyone curious to know how many children have just stupid stupid: https://etherscan.io/.../0x23d56797f64640e96FEaF57b7874C897b5 ...
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March 08, 2018, 04:15:23 AM
 #8

The 3rd party API running on Binance to automate trading, e.g. those annoying trading bots, got hacked. There were other reports out there about this.

I'd not be surprised about that. I think that the majority of them knew about the involved by used 3rd party software. The simple thing i guess the scammer was a creator of the software. And basically, the user doesn't know anything about that. It looks like the creator was putting a backdoor into his own program. I've predicted this could have happened.

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