Post
Topic
Board Trading Discussion
Re: Binance Has Been Hacked - Lost 7,074 BTC
by
FauxHammer
on 08/05/2019, 15:13:37 UTC
There was no “hack invasion”. The article says that the hacker got a big number of API and credentials from users by using phishing attacks, virus and other methods. Thus, the big problem wasn’t on the exchange, but on the users. The part which was Binance’s fault is that they couldn’t block the massive withdrawal of 7k BTC before it happened.

Exactly, but this is what Binance is saying, this is their official statement. I don't have any reasons to distrust them, but such it's very fragile situation. I agree with the fact that they should block this withdrawal or be prepared for it.