‘Large scale’ incident also sees attackers compromise users API keys and 2FA codes
Approximately 7,000 Bitcoins were illicitly withdrawn from a widely-used cryptocurrency exchange platform in a „large scale security breach“ yesterday.
Binance has confirmed that hackers used phishing, viruses and other attack techniques to seize a large number of user API keys, codes used for two-factor authentication (2FA) as well as „potentially other info“.
They also made away with more than $40.6 million worth of Bitcoins in a single transaction from the platform’s hot wallet, which contained approximately 2% of its total Bitcoin holdings.
„The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time,“ said Binance CEO ‚CZ‘.
„The transaction is structured in a way that passed our existing security checks.
