Many Coins (Blockchain) got hacked recently.

[easytipz]

Many Coins (Blockchain) got hacked recently, 51% attack included.
Yesterday, we had a bad news from Syscoin & Binance. #SYS price was pumping so fast before #Binance went down for "maintainence" - I think Binance also got hacked. That is too bad.

[mayan251]

Maybe binance detects that API is unsafe and there is a security risk. The previous API needs to regenerate the new API. I think this is for security reasons, not by hackers. A temporary maintenance announcement has been issued. Now we can only wait.

[easytipz]

Maybe binance detects that API is unsafe and there is a security risk. The previous API needs to regenerate the new API. I think this is for security reasons, not by hackers. A temporary maintenance announcement has been issued. Now we can only wait.

They have just announced that the maintainence has completed but I still cannot create a new API
Error: You have to enable Google Auth code or SMS code to create API key.
(While I have already had it all enabled)

Haha

[duchaitp]

Yesterday I also saw the pump of SYS in Binance. I also think the API has a problem. But I do not know the reason why.

[mmo4me.2016]

The altcoin has a small number of online nodes and small networks that are vulnerable to attacks by 51%, big coin like Bitcoin, DASH or LTC is not possible!

[Hopeman1]

So this is the most altcoin face problems, most of the tokens, only by a few node management, then the code may be a BUG, so may be liable to the invasion, POW mechanism tokens, could face a 51% of attacks.

[webblast78]

I think 51% attack is a mining hack and not a coin / blockchain hack. It's more a trick to fool the system to get faster rewards.. But the coins are perfectly safe

[Marksmanio]

I dont think so. maybe the binance api got some problem thats why they go for maintance. i believe on binance dont say it please ..

[krinvat77]

This is very bad, I hope because of this price will not fall much and binance with SYS to solve everything quickly.

[siddartha1492]

Actually Syscoin was not hacked by the 51% attack, but by some vulnerability in the blockchain itself. It is said that the hacker generated 1 billion Syscoin from 1 block itself, and then listed it on Binance. Note that the total supply is somewhere 900 million!!
Then the hacker made a big sell order and bought 1 Syscoin for 98 BTC using BTC of other Binance users. And it pumped the price of Syscoin. I think these APIs are very dangerous to use and can be easily exploited by hackers. This has happened previously also. But it does tell us that new blockchains are so risky. Tokens on ETH network are much safer.

[arthur304]

I wasn't an hack in any firm of the word hack. It was just problem with the Api I believe. That can't be called an hack.

[ThachSanhTp]

I have just got an email from Binance team:
Dear customer,
Due to irregular trading on some APIs, Binance has removed all existing API keys as a precautionary security measure. All API users are requested to recreate their API keys.
Another announcement regarding the re-opening of trading will be made once the maintenance is complete. Please stay tuned to our official announcement channels for further information.
We apologize for any inconvenience caused, and thank you for your patience.
Thanks for your support!
Binance Team
Automated message.please do not reply

[dukemc]

It was not a 51 % attack on the SysCoin Blockchain or even a hack. Maybe it was a coding error in the API Code of binance - maybe can happen on other exchanges too.

[jeanniej4]

It's not a hack or a 51% attack. It's just a minor bug in the API. And maybe Binance will maintain it again in the near future to fix it.
You should read the information carefully and contact the support of any exchange to clearly ask everything before writing an article like this.
Often, a false statement or rumor can cause FOMO not to be.

[LunaticMovement]

Recently there is a report of hacking of an exchange firm. This is major problem, as investors will lose trust in the market and other exchange firms. Cyber security must be upgraded to ensure a better future of the crypto currency market. this will lead new people to invest in crypto currency.

[Soroskatona]

yup, smaller coins are vulnerable to 51% attacks.
Binance had a problem with sys coin, one of my friends had sys at binance, I'm gonna ski him wether he was able to gain some profits, I would say no, or it would be reverted.

[cryptobae10]

Many Coins (Blockchain) got hacked recently, 51% attack included.
Yesterday, we had a bad news from Syscoin & Binance. #SYS price was pumping so fast before #Binance went down for "maintainence" - I think Binance also got hacked. That is too bad.

There is a bad scheme applied to Blockchain users
So any Blockchain user that got hacked have all went through A phished email sent to them
It is their fault

Secondly I do not believe binance, they are manipulating lies lately whenever there is a sudden pump and it does not favor their whales
Someone bought 20sys for 96Btc, how is that an hack ??

Let’s just trade and be safe

[Tactical Genius]

These hacks re-emphasize the need to work hard for better security systems on blockchains and the associated projects or exchanges. These are issues that have commonly come up in the past years and it seems they arent getting the appropriate solutions.

[bman01]

Actually with the increasing popularity of the bitcoin as well as the market crypto currency, many and many coins are coming to this market. This market has also got attraction of the hackers also. Recent cases of hacking indicate that the security needs to be more tightened. I think Binance has done that due to improve the security not because of hackers.

[cryptotezi]

Hacking in crypto industry has become a major issue that affect the traders a lot. And it will demotivate them to be engaged in the market. I hope and wish a secured solution to prevent the earnings from getting hacked in future. Else this growing sector may face some unexpected situation.