I lost BinanceIt is the largest cryptocurrency exchange in the world, with more than half a billion dollars after its network was hacked
The Associated Press reported that the company has paused transactions and money transfers after discovering an exploit between two types of blockchain, a method of digital theft that was recently used in at least one other major hack.
In a tweet, the CEO of the crypto exchange said: “The case is now contained. Your money is safe. We apologize for the inconvenience and will provide further updates accordingly.”
she saidBinanceOriginally, cryptocurrencies ranging from $100 million to $110 million were seized and since then, it has been reported.CNBCThe crypto company lost $570 million
In a blog on Friday, she saidBinanceThey are working to close any areas of vulnerability, and the blog reads: “First, we want to apologize to the community for the abuse that occurred. We own this. With the help of all security experts, projects and auditors, the vast majority of funds remain under control.”
she saidBinanceLast year it was time for global regulators to set rules for the cryptocurrency markets. The company acknowledged at the time that crypto platforms had an obligation to protect users and implement processes to prevent financial crime, along with a responsibility to work with regulators and policy makers to set standards to keep users safe.
This is not the first time that cryptocurrency exchanges have been targetedNomadA crisis where the service that allows users to send tokens between different block chains has been hit, with media reports saying it was hacked for nearly $200 million. ?
Harmony, another cryptocurrency trading service, also lost about $100 million in a hack in June.