Crypto heist: Hackers steal bitcoins worth $40 million from Binance

The exchange said that its Secure Asset Fund for Users will cover all losses and no user funds will be affected by the breach.

In a statement, the company said hackers used variety of techniques to obtain large numbers of user API keys, 2FA codes and other info to carry out the latest heist in a long line of thefts in the digital currency space.

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This is hot and viral news for today and almost everyone in cryptocurrency industry is aware about it and concerned as well.

I think this is serious issue as exchange has failed to follow the compliance and being a leading exchange this is a matter of concern. We must be careful while keeping our funds and it's even better to find any decentralized exchange.

I have been learning about crypto since last few months so this is my opinion. I am not Pro but tried a little bit to understand about it.

Thank you.

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