Binance Hacked. Is It An Inside Job?

One of the most hard hitting news that flooded the crypto industry lately is the $41M hack of Binance. One of the emerging theory that surfaces is how it happened as it seemed that the hacker has inside information of how Binance operates.

There are layer of securities inside Binance and it is quite respectable especially before the hack. Many people say that it can only be coming from Binance insiders who know the workings of the exchange and security precautions. Binance had Internal controls for amount sent and manual review. However it seems hacker managed to withdraw amounts that were just under the manual review threshold. This theory is not that conclusive as of yet but we can learn more about it with this Boxmining article: https://www.boxmining.com/binance-hacked-2019/

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