Is Binance a “honey pot for hackers”?

$40 Million of Bitcoin was hacked from the world’s largest cryptocurrency exchange, Binance. Industry leaders react to this recent recent hacking which rocked the crypto world.   Tara Annison, Technical Product Manager of the PR9 Network, a real-time institutional trading and settlement platform for blockchain-based assets held in cold storage, commented: Binance is arguably one of the biggest honey pots for hackers, having an abundance of alt coins which are easier to liquidate, plenty of trading volume, and lots of retail users who could fall foul of social engineering attempts.…

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$40 Million Bitcoin hack at Binance

In breaking news it has been reported that $40 Million of Bitcoin was hacked from the worlds largest cryptocurrency exchange, Binance.     As reported by CNN – Binance announced that it discovered a “large scale security breach” Tuesday. It said hackers stole 7,000 bitcoins in one transaction. One bitcoin trades at nearly $6,000.”The hackers used a variety of techniques, including phishing, viruses and other attacks,” CEO Changpeng Zhao wrote in the statement. He said the company continues to investigate the breach.   Full story: – https://edition.cnn.com/2019/05/08/tech/bitcoin-binance-hack/index.html Is Binance a…

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Free Bitcoin at Japanese Exchange

TOKYO (Reuters) – A blunder at a Japanese cryptocurrency exchange let investors briefly buy bitcoins for free – though none were able to profit from the mistake.     Reuters reported that Zaif, a government-registered exchange run by Osaka-based Tech Bureau Corp, said on Tuesday that a system glitch had let seven customers buy bitcoin with no yen value during a 20-minute window last week.   The trades were voided by the exchange but the issue was unresolved as one customer tried to transfer the purchased Bitcoin.   Full Story:…

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Can Bitcoin be hacked?

Can Bitcoin be hacked? This is a question that confuses many. What is the difference between Bitcoin and a Bitcoin business being hacked?   Watch this explainer video to learn more.       Related articles: How to hack Bitcoin New IoT White Paper explains Hacking Vulnerability and Solutions Security and Hacking concerns for IoT Devices All your Devices can be Hacked – IOT needs EOT Expedia’s Orbitz hacking exposes 880,000 customer details Bithumb hack emphasizes need for Security in Crypto Industry Suspicious Bithumb hack connected to Bitblender Dark Web…

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