Official Binance Security Breach Update + API Key Reset

vimukthi (72)in #dlike • 5 years ago

I like to stick close to the source as possible and keep things short. So let's get to what happened:

We have discovered a large scale security breach today, May 7, 2019 at 17:15:24 (UTC). Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.

The stolen transaction can be seen here: https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea

You have no losses to worry about
The SAFU fund will take care of the losses
Only the hòt wallet was hacked
Binance keep 98% of funds in cold storage

Origin of The SAFU Meme The Fund is Named After

API Key Reset

Here is what Binance had to say:

Due to irregular trading on some APIs, Binance will restrict all currently existing API keys to have trading functionality only. These keys will then be removed in full at 2019/05/08 1:30 PM (UTC). API users can choose to recreate their API keys now to receive full functionality of API usage going forward. These newly created API keys will not be removed at 1:30 PM (UTC)