Binance KYC leak hack or not?

[dkbit98]

We have news regarding Binance exchange and leaked KYC
https://thehackernews.com/2019/08/binance-kyc-data-leak.html


Binance responded:
https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak

Hackers wanted 300 BTC from Binance

What do you think?
I personally do not trust any exchange including Binance,
and I do not like KYC, for this reason among others....

[AB de Royse777]

Not a meta topic.

Also same topic has been posted several times today.

Binance KYC Data Leak - Allegedly: https://bitcointalk.org/index.php?topic=5173312.0
Binance hacked again 10k+ KYC (FACEBOOK 2.0 LEAKAGE): https://bitcointalk.org/index.php?topic=5173226.0
[2019-08-07] Binance Has Denied Information About Users Data Leak: https://bitcointalk.org/index.php?topic=5173197.0

[Bitcoin_Arena]

But you can also move the topic... You don't have to wait for the mods.

[dkbit98]

But you can also move the topic... You don't have to wait for the mods.

True. I will.
I was not sure where to post in anywhere...

[actmyname]

@dkbit98 Service Discussion -> Exchanges would be most appropriate.

[peter0425]

Of course, who would trust anyone in crypto space? Binance says it's 2018, wherein they hire some 3rd party to help them with the huge amount of users that time in their trading platform. So it's possible that it was not a hack but a data leaked by the 3rd party. So let's see how it goes.

[sweetbet]

Apparently the hack/leak took place in January/February 2019, so it's not old. The public is only just learning about it now. Be careful of any telegram groups that ask you for your info so they can verify if your info has been hacked, and don't click on any links they give you because that'll be the real hack.

[dkbit98]

More update:

https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker

[omonuyak]

We have news regarding Binance exchange and leaked KYC
https://thehackernews.com/2019/08/binance-kyc-data-leak.html


Binance responded:
https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak

Hackers wanted 300 BTC from Binance

What do you think?
I personally do not trust any exchange including Binance,
and I do not like KYC, for this reason among others....

300btc is much because the hacker only stole kyc data and I will say it is possible to block the hacker without causing much damage! This is the reason why people and cryptocurrency enthusiast are promoting " privacy" KYC is against the ideas of bitcoin and other coins and it is good to all of these popular exchange to keep KYC aside and allow people to trade anonymously.

[boyptc]

More update:

https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker

I don't know who to believe if its Binance or Bnatov who's telling the truth.

While Binance puts the blame to a third party company. I will learn and know more about this hot issue.

[Ierancha5]

I think these experiences are unnecessary. They should be trusted

[eddygarfield06]

Cant really trust exchanges. SMH

[4mckinney]

What I dont understand is that why would they offer a reward in identifying the culprit? I mean they said its only fud right?! I feel like they are just lighting a fire in their own mess. Why would they even bother to give such reward? Just doesnt make sense to me at all. I just remember the hack that happened to them last 3 months I think. They say that they are safe as an exchange and yet all these "accusations" are just so ominous.

[dkbit98]

What I dont understand is that why would they offer a reward in identifying the culprit? I mean they said its only fud right?! I feel like they are just lighting a fire in their own mess. Why would they even bother to give such reward? Just doesnt make sense to me at all. I just remember the hack that happened to them last 3 months I think. They say that they are safe as an exchange and yet all these "accusations" are just so ominous.

They are BIG lairs and I don't trust them at all.
KYC is 'SAFU'...

[Onstonyanet]

I dont like KYC system either... but its not up to me to decide. So whethever I want to use or not I have to.

[LMBDA]

Users that cant accept the fact that binance isnt that secure, will say it isn't true. Nothing is secured after all lols

[peter0425]

We have news regarding Binance exchange and leaked KYC
https://thehackernews.com/2019/08/binance-kyc-data-leak.html


Binance responded:
https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak

Hackers wanted 300 BTC from Binance

What do you think?
I personally do not trust any exchange including Binance,
and I do not like KYC, for this reason among others....

Means you don’t trust exchanges?where did you buy ur coins?Or haven’t you holding any?binance is a good exchange for me though the KYC thing made me bother though almost all of them are asking for KYC now so there’s no chance that you ca invest in cryptocurrency or even do trading(not unless you are going to p2p in which more expensive)

Users that cant accept the fact that binance isnt that secure, will say it isn't true. Nothing is secured after all lols

Never forget that all hackers are more genius than what we can expect so fo them nothing is impossible,even how secure a exchange but the chance of being a victim isn’t always there
Lucky that my exchangers didn’t got hacked while my assets are in their possessions

[dkbit98]

We have news regarding Binance exchange and leaked KYC
https://thehackernews.com/2019/08/binance-kyc-data-leak.html


Binance responded:
https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak

Hackers wanted 300 BTC from Binance

What do you think?
I personally do not trust any exchange including Binance,
and I do not like KYC, for this reason among others....

Means you don’t trust exchanges?where did you buy ur coins?Or haven’t you holding any?binance is a good exchange for me though the KYC thing made me bother though almost all of them are asking for KYC now so there’s no chance that you ca invest in cryptocurrency or even do trading(not unless you are going to p2p in which more expensive)

Users that cant accept the fact that binance isnt that secure, will say it isn't true. Nothing is secured after all lols

Never forget that all hackers are more genius than what we can expect so fo them nothing is impossible,even how secure a exchange but the chance of being a victim isn’t always there
Lucky that my exchangers didn’t got hacked while my assets are in their possessions

I did not buy then on Binance for sure... and that is private information


What defines 'GOOD' Binance exchange quiz?

1. They have been hacked and lost crypto multiple times.  ✔️
2. They leaked users KYC and kept quiet about it ✔️
3. They block users from many countries to access it ✔️
4. They charge hundreds of Bitcoins to list new shitcoins ✔️
5. They can switch you off whenever they want in their 'DEX' exchange ✔️


...

[magisterr]

Almost the same was with Huobi exchange:

https://www.theblockcrypto.com/2019/08/15/this-issue-is-different-huobi-responds-to-user-phone-number-leak-following-binance-kyc-hack/

And similar story with Coinbase exchange:

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

People should move in coming months to decentralized exchange. DEX cross-exchanges - future  

[timerland]

Almost the same was with Huobi exchange:

https://www.theblockcrypto.com/2019/08/15/this-issue-is-different-huobi-responds-to-user-phone-number-leak-following-binance-kyc-hack/

And similar story with Coinbase exchange:

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

People should move in coming months to decentralized exchange. DEX cross-exchanges - future  

Yep, centralization is taking over everything crypto-related, when we wanted crypto to be the safe space for decentralization to advance forward.

It's very disappointing hearing all of these centralised exchanges being hacked when people have been warned for years that using centralized exchanges and putting your information on the internet is not a good idea. Sure, the exchanges have fault here for having hackable systems, but the people who trust the service also are at fault.

I'd love to see more DEX's flourish in the scene, but the regulations that are forcing all of those exchanges to add KYC, etc is really not helping.

We might have a future where DEX's are regarded as illegal, and we need to use Tor and VPN's to access them, which is horrible.