Binance Unveiled Hack Investigation News

Exchange's team believes that attack could came from Eastern Europe
19 March 2018   486

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 Donate $1M to Japanese Flood Victims

Changpeng Zhao called cryptocurrency community for donations
09 July 2018   357

Binance, the largest in terms of trade transactions, has donated $ 1 million to flood victims in Japan, and invites other companies and individuals to join the charity initiative.

Our hearts go out to the victims in West Japan. Binance will begin with a $1,000,000 USD equivalent donation in either BNB, BTC, or JPY. We also ask our crypto partners to join us and help our friends in need.
 

Changpeng Zhao

CEO, Binance

Changpeng Zhao noted that the exact scheme for transferring funds to the flood victims will be determined in the very near future. Those who also want to make a donation, are invited to a Twitter reply, while such a gesture of good will will be taken into account when considering their coins listing on Binance. Such a donation can be done in ETH or ERC-20 tokens.

A major flood in Japan this week was caused by a typhoon that caused heavy rainfall. According to themedia, as of Monday mornng the number of deaths due to torrential rains and landslides reached more than 100 and many are reported missing.