Binance Attack

Is Binance, one of the most reliable exchanges in the world, reliable enough? Was he attacked? Let's see...

When the dates showed May 7, 2019, unexpected things happened in the stock market. Binance was hacked. There was a loss of 7000 BTC! Binance shared a statement.


The following statements were included in the statement.

As of today, May 7, 2019, at 17:15:24 (UTC), we have detected a large-scale security breach. Hackers managed to capture numerous user API keys, 2FA codes, and potentially other information. Hackers used a variety of techniques, including phishing, viruses and other attacks. We are still finalizing all possible methods used. There may be other affected accounts that have not yet been identified.

Hackers managed to withdraw 7000 BTC in this single transaction
https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea

The above transaction is the only transaction affected. This only affected our BTC hot wallet (containing approximately 2% of our total BTC holdings). All our other wallets are safe and undamaged.
The hackers had the patience to wait and carry out well-planned actions at the most appropriate time through multiple seemingly independent accounts. The transaction is structured to pass our existing security controls.
We had the unfortunate situation of being unable to prevent this retreat before it was executed. Once executed, the retraction triggered various alarms in our system. We stopped all withdrawals immediately after that.


Binance will use the #SAFU fund to fully address this incident. No user funds will be affected.

We must conduct a thorough security review. The security review will include all parts of our systems and data, which is a huge asset. We estimate this process will take approximately ONE WEEK. We will post updates frequently as we make progress.

Most importantly, deposits and withdrawals will need to be SUSPENDED during this period. We ask for your understanding in this difficult situation.

We will continue to enable trading so you can adjust your positions if you wish. Please also note that hackers may continue to control certain user accounts and use them to influence prices in the meantime. We will monitor the situation closely. However, we believe that when withdrawals are disabled there is little incentive for hackers to influence the markets.



Binance, the world's largest cryptocurrency exchange, was hacked, reporting a loss of 7000 BTC. So what happened? How did the attackers compromise the exchange?

According to the official announcement, the actual attack took place on May 7 at 17:15 UTC, the attackers reported 7000 BTC in user funds; A figure that accounts for 2% of Binance's total BTC holdings.

According to Binance, the attackers managed to drop large numbers of user API keys and 2-factor authentication codes using a variety of techniques, including phishing, use of viruses, and “other attacks” that the exchange is still trying to conduct. define.


The official announcement stated that 7000 BTC was stolen from one of the affected hot wallets and that the others were “safe and undamaged.”

Binance, one of the largest cryptocurrency exchanges in the world, announced that it lost $40 million (7,000 Bitcoin) due to a “major security breach.” The company said hackers accessed a hot wallet containing approximately two percent of total BTC holdings. They used phishing and viruses to obtain user data and managed to bypass security checks, preventing Binance from blocking the transaction. The company said it “will not be affected by any user funds” as it has an emergency fund to cover the incident “fully”.


“The hackers had the patience to carry out and hold up well-orchestrated actions through multiple seemingly independent accounts at the most opportune time,” Binance CEO Zhao Changpeng said in a statement. “We must conduct a comprehensive security review. The security review will include all parts of our systems and data.”


Binance, the world's largest cryptocurrency exchange, was hacked on May 7 and lost 7,000 BTC, worth approximately $40 million at that time.

Blockchain company Confirm, which detected several movements in the wallets containing stolen BTCs in early May, recently reported that hackers regained access to these wallets and moved Bitcoins.

According to Confirm, after the attack, hackers divided 1,060 BTC, currently worth $8.8 million, into smaller amounts each time and sent them to different wallets.


“bc1q2rdpyt8ed9pm56u9t0zjf94zrdu6gufa47pf62” exchanged 1,060 BTC on June 12, 2019 Hackers sent from wallet address to "bc1qg65qtgwxw0y0v5wtcct2hnuzupp9qphclm5luvj" wallet address, "19JPv7roMqfG2PdC42RDxXuT7vbZGT5Asg They strangely sent 0.002 BTC worth $16 to the wallet address. It is not clear why this small amount was transferred to another wallet.

He then transferred 1,040 BTC to "bc1qdu8x3407xgqn63vvhnglqamzypsx0m6a6avx3r "Hackers who sent 19.68 BTC to the wallet address also transferred

1DPjHvJRRGvqEwWiJQphvramvzrxA17VAy " transferred to the wallet address. This shows the effort spent on breaking large wallets into smaller parts. Hackers' transfers were not limited to these. "bc1qcgwn2nv906k3rws803zhxwq3crfgjvnzjejgyq " from "

bc1qvqjcs7vg92yktkg2x9anzznp8sl44dh082h7f3 1,001 BTC to ", "bc1qddjp0xdwm97hmcvej6gs2cxum9ulfme4mex6kl They sent 20 BTC to the address.


To be continued...
bc1qd. from bc1q1. 981 BTC to address bc1q0. 20 BTC
to bc1q1. at bc1q9. 951 BTC to bc1qg. 30 BTC
to bc1q9. at bc1qa. 911 BTC, bc1qj to address. 40 BTC
to 871 BTC from bc1qa… to bc1qc, 40 BTC
to bc1qm, 828 BTC from bc1qc… to bc1qs, 42 BTC
to bc1q8, 783 BTC from bc1qs, to bc1q0…, 45
BTC to bc1q4, 735 BTC from bc1q0, to bc1q8…, 48 BTC
to bc1qv, 615 BTC from bc1q8… to bc1qk, 120 BTC
to bc1qs, 494 BTC from bc1qk, to bc1qs, 120 BTC

to bc1qz… While 494 BTC remained at the last address above, the other 120 BTC was divided into many parts and moved to different addresses.

As you can see, any exchange can be hacked. So don't invest more than you can afford to lose. Have a nice day.