Binance Unveiled Hack Investigation News

Exchange's team believes that attack could came from Eastern Europe
19 March 2018   1024

The Binance Exchange, which announced the award for information on the recent hack attack, reported on the first results of its investigation.

Hackers receivedan access to API keys from user accounts due to a large-scale phishing attack and used them to manipulate the market. According to Binance, a group of intruders stands behind this attack, although the likelihood that it could hold one person, is also not excluded.

Binance provides a list of addresses on which copies of the exchanges that were used during the phishing attack were posted. It is curious that among them there are not only copies of Binance, but also Bitstamp, Bittrex, Coinone, Etherdelta, Gemini, HitBTC, Poloniex, as well as some other exchanges and crypto-currency services.

Most of the domains are registered for 2 names: Sergey Kireev and Victoria Belinskaya. One of these registrars can also be associated with the creation of phishing copies of the Bittrex exchange in August 2017.

The IP address used to create the API keys (213.87.134.39), according to the exchange's information, refers to Lipetsk, Russia. Binance admits that hackers could use a VPN or other service to hide the real location, while noting that with a high degree of confidence it can be argued that the attack was from Eastern Europe.

The company also identified several suspicious transactions of Viacoin, which took place 1-2 hours before the incident. A total of 31 suspicious transactions were identified for a total of 4,000 VIAs. All of them were committed within 200 blocks.

Binance to Delist 5 Tokens

 CLOAK (CloakCoin), Modum (MOD), SALT, Substratum (SUB) and WINGS trading will be suspended on 22nd of February
15 February 2019   153

Binance, has announced the upcoming delisting of the following cryptocurrencies: CLOAK (CloakCoin), Modum (MOD), SALT, Substratum (SUB) and WINGS.

All trades with abovementioned tokens will be suspended on 22nd of February in 10.00 UTC; then tokens will be delisted.

Binance regularly evaluates the development of projects whose coins are represented on the platform, and takes into account the following characteristics:

  • team commitment to the development of the project, its activities and quality;
  • network stability and smart contracts;
  • community outreach;
  • communication with the exchange;
  • evidence of fraudulent or unethical activity;
  • contribution to the development of a cryptocurrency ecosystem.