Binance HACK

[Muhammad Muneeb]

Users of Binance, the top cryptocurrency exchange in the world by trade volume, are
reporting suspicious activity in their accounts stemming from an apparent hack on Reddit, March 7.

Apparently it's just a rumor, you think

no it is not.. you can see the tweet of binance ceo.it was hacked.. as he used the word " hackers" .. but all the funds are now safe there were some trade irregularities but they have fixed everything

https://twitter.com/cz_binance/status/971520303812698112

[jackolinyoko]

There was no Binance hack. A good friend told me that conigy has been hacked last day and the hackers abused the trading function from that platform to sell all the coins at binance. Correct me if I am wrong 

Read the statement,they have called these attackers ,hackers ? they have considered it as hackers so they were compromised those are just excuses,if they didnt hold the widrawals they will get fucked up luckily followers from twitter had been actively shouting binance was hack so they did immediately disabled the widrawals,IT IS A HACK ATTEMPT

it could be prevented if they didnt allowed these bots in their exchange.

[totnaksquad]

Based on what I read, they just disable the withdraw option because there were irregularities in trading activity caused by the trading bots. All funds are safe and they just warned their customers to be aware with the phishing sites. It was just a twisted and fake news to create FUD. Their statement might only be a sugar coat to avoid the crash of Binance credibility since they are one of the biggest exchange in the market. We all don't know what is the true story but it is a clear warning that we are all responsible to our own actions. Putting your funds to an exchange is not really safe.

All of these attacks caused by the hackers are indeed a good reason why we should keep our eyes with these exchanges,there are no perfect system and indeed binance has some shortcomings,they are blaming those bots to be the reason why that hackers get those API keys but in fact if they didnt allowed those bots to play in their exchanges there will be no problem,it was their mistake that why they are compromised.

[skip60]

actually API bot problem was not the only reason for binance hack

there are people with hacked accounts who never used bot or API

some people got pishing and also mobile app (which stays always logged in) can be a weak point also

to be honest, binance had a very promt reaction to the hacking and roll back the system and solved the problem

we saw again, why binance is one of the best

[junjunsalsalani]

There was no Binance hack. A good friend told me that conigy has been hacked last day and the hackers abused the trading function from that platform to sell all the coins at binance. Correct me if I am wrong 

No shit,it was a hack incident,phishing sites are considered as a hacking tool,they have called these people hackers so it is a hack.They are just blaming these bots to cover the mess that the hackers have caused,it shouldnt be happening if they prevented those bots in their exchanges,they ahve a good reputation that is why they wont admit it.

[bulbolitobayagyag]

It aint a rumor,it was a hack incident,binance wont be admiting those attempts because their repuation has a good records from their users.They shouldnt allowed those bots to be used at the first place to these hackers wont find any holes in their security,they are just so lucky because most of the people in twitter get alarmed so that they have disabled all the widrawals.

[yura_878]

Users of Binance, the top cryptocurrency exchange in the world by trade volume, are
reporting suspicious activity in their accounts stemming from an apparent hack on Reddit, March 7.

Apparently it's just a rumor, you think

The exchange all said that everything was fine and lost money during these events only by hackers.

[ashlyvash00]

Im not surprice on it. Because todays hacker are so strong. They can crack many security system in just a click. Even xem wallet they almost take half a million dollars on it. And many hacker do but they didnt capture. Because nobody knows where did they do that. There lot of country doing crypto so its so hard to track on them..

[makuny]

There was no hack for all.
People with bots and APIs had problems.

So you don't use this, you Safe.

[basobulat]

Users of Binance, the top cryptocurrency exchange in the world by trade volume, are
reporting suspicious activity in their accounts stemming from an apparent hack on Reddit, March 7.

Apparently it's just a rumor, you think

even I just learned this news from your post. before I did not hear hacking about binance exchanges. I think this is just a rumor for the market getting down.

[heritage35]

It wasn't true that Binance was hacked. It was a FUD, because i have an account there and nothing happened to it. I do not know why FUD easily spread these days. Anyway that is the power of media. It really causes a lot of panic to people and i am sure this would have made so many to sell there coins in haste.

[Arz26]

The hacker were patient, spending time collecting user account credentials by imitating the official Binance logo  and creating an API key for each collected. API stands for application programming interface – it is by using this that one programme recognises another. But all funds are safe  and no  funds is stolen.

[Name_none]

Official statement of Binance team:

All funds are safe. There were irregularities in trading activity, automatic alarms triggered.  Some accounts may have been compromised by phishing from before.  We are still investigating.  All funds are safe

Proof - https://twitter.com/cz_binance/status/971454040704872448

[royalcrypt]

It wasn't a Binance hack. It was only some traders with third party API access which got compromised.

[tyoA7X]

Official statement of Binance team:

All funds are safe. There were irregularities in trading activity, automatic alarms triggered.  Some accounts may have been compromised by phishing from before.  We are still investigating.  All funds are safe

Proof - https://twitter.com/cz_binance/status/971454040704872448

binance must upgrade their security system! y'all guys only use exchanger for trade! don't save your funds in exchanger for a long time, always save in your private wallet, its more safety than exchanger wallet

[melancoly]

Yes or no
do you really think the news of binance has caused the market to fry so much ?

[MetaMod]

Users of Binance, the top cryptocurrency exchange in the world by trade volume, are
reporting suspicious activity in their accounts stemming from an apparent hack on Reddit, March 7.

Apparently it's just a rumor, you think

even I just learned this news from your post. before I did not hear hacking about binance exchanges. I think this is just a rumor for the market getting down.

LOL,its not a rumor it really happened,go to binance and do your homework binance was hack and they are denying it blaming those bots that they have allowed in their exchange,very unprofessional way of admitting their fault.I have lost my faith with binance apparently i am going back to my old school exchange which is bittrex.

[GFE]

Users of Binance, the top cryptocurrency exchange in the world by trade volume, are
reporting suspicious activity in their accounts stemming from an apparent hack on Reddit, March 7.

Apparently it's just a rumor, you think

I've read that all is ok. Just check official Binance twitter. So do not worry for your criptocurrency assets