Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

Cointelegraph

Published May 07, 2019 07:55PM ET

Updated May 07, 2019 08:22PM ET

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7.

Per Binance, hackers employed a variety of tactics including phishing and viruses to obtain a large number of 2FA codes and API keys in addition to other information.

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