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RE: Binance Security Breach Update - Hot Wallet HACKED - 7000 BTC - $40 million !!!!

in #binance6 years ago

It would be instructive to learn the full details of how this happened, after the vulnerability has been blocked.

Right now it seems unusual that the largest exchange did not have a security scanning system to block bc1 type bitcoin addresses that was already known in the industry to be associated with a lot of threats.

And also an explanation of how they overcame the 100BTC limit on withdrawal per account, which is in place for verified accounts.

More on these here:
https://steemit.com/blockchain/@kenraphael/could-binance-have-lost-more-than-the-reported-7-000-btc-and-what-more-exchanges-can-do-to-enhance-security