Binance sets Hacker Bounty at $250,000 USD

On 7 March 2018, users on the Binance cryptocurrency exchange noticed irregular behavior.     Binance was alerted and managed to reverse the transactions, however, it is vital they understand just how hackers could have sidestepped their security and also, the Binance Two-Factor authentication system.  See more Reddit comments here     In response to the hack, Binace issued the following statement”   “To ensure a safe crypto community, we can’t simply play defense. We need to actively prevent any instances of hacking before they occur, as well as follow through…

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Coinbase drains users Bank Accounts

It is being reported by CNBC and the Verge that Coinbase is erratically overcharging some users and emptying their bank accounts.     Complaints against Coinbase are mounting as Bitcoin trading increase and one user on Reddit posted that they purchased Bitcoin, Ether, and Litecoin for a total of $300 on February 9th.     The transactions repeated five times a few days later for a total of $1,500, even though the user had not made any more purchases. That was enough to clear out this user’s bank account, they…

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