Binance did not get hacked. Any users affected had typed the binance website address in incorrectly and went to a fake site. At the fake site they typed in their "username" and "password". This gave their username and password to the phishers. The phishers then collected enough accounts and on a specific day or days started manipulating the market.
The only fault that Binance had.... as far as I have heard could be said, is that they themselves didn't buy up all the domain names(web addresses) which were similar or could be typed in incorrectly as "binance".
But again, no, that is not a hack. That can't be called "getting hacked."
Just double check your facts. False or misunderstood news is just as bad as FAKE news.
<3
Right. That is the way I understood it too. It wasn't a hack. But phishing.
Okay, if that was the only things going on I agree with you! Catching someone ellses username and pass and using it is then only the user getting hacked or phished..
Thanks for clearing that up!
On the other hand, it can only be possible then because these users were not using google authenticator or other 2 factor security!?? Unless they somehow managed to hack the 2 factor also for the accounts? I doubt that though.. Probably users without 2 factor enabled.
But to be true I did read about people talking about the API keys. Maybe just myths being spread.
Thanks friend. I agree that I do not KNOW for sure, we are all just trying to get things straight together here! cheers! I will follow you. Anyone who want to, please follow me and help me get started quickly here!
-kongen
Google's data collection and behaviour in YouTube have a lot of people questioning and not using any Google services. Or they may just not know about it. I am a relative newb and have never used two factor security.