Binance comments on leak in its security system

Cryptocurrency exchange Binance has denied claims of a leak in its security system.

After an X post claiming Binance user data was available on GitHub, Binance support noted in a post dated Feb. 5 that there are no leaks in the platform’s system and user accounts remain secure. This is how company employees responded to a statement from user X, who stated that the KYC data of the Binance user was suspected of being sold on the darknet and leaked by hackers.

The internet hacker previously claimed they had access to KodexGlobal’s law enforcement requests account, allowing buyers to “subpoena” user information from companies like Coinbase, Binance, Chainlink, and many other firms.

Cybercrime solutions provider Hudson Rock reported that a hacker is selling access to a law enforcement request system account on BreachForums – selling the entire account for $5,000 or $300 per emergency data request (EDR).

“A worrying trend emerges as threat actors hack into the law enforcement systems of major organizations, gaining the ability to legally request personal details of users. This abuse often leads to identity thefts, extortion, and financial losses.”

Hudson Rock report

Previously, the media reported that Binance sent a request to remove a Github account that distributed the company’s internal code and created significant risks for the trading platform. The source claims that the code cache, internal passwords, two-factor authentication data, and other technical information of Binance were publicly available on GitHub.

Read more: Bitmain fired employees after salary data leak
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Dogecoin Forecasted to Hit $1: Here's When

Image
Dogecoin, initially conceived as a humorous cryptocurrency, has witnessed a notable surge in both popularity and market value throughout its existence. The asset managed to reach a peak of $0.1063 earlier in the same week. However, at press time, DOGE was trading at $0.09657 with a 5% daily drop. Market Dynamics and Open Interest A pivotal factor propelling Dogecoin ’s recent surge lies in the notable increase in notional open interest linked to DOGE futures and perpetual futures contracts. According to data from CoinGlass, there has been a remarkable 58% surge in open interest over the preceding week, reaching a substantial $625 million. This figure stands as the highest since Nov. 2, 2022, and industry experts contend that this surge, coupled with the rising price, validates a significant upward trend in the market. The Path to $1 As Dogecoin gains momentum and successfully breaches various resistance levels, the prevailing question among investors centers on its potential to at
Read more

SEC sues Kraken crypto exchange due to illegal operation

The U.S. Securities and Exchange Commission has filed a lawsuit against Kraken, accusing it of illegal securities operations. According to Reuters, the SEC accused the platform of illegally operating as a securities exchange without first registering with the regulator. The SEC said Payward Inc. and Payward Ventures Inc., operating under the name Kraken, have made hundreds of millions of dollars since 2018 by organizing the buying and selling of cryptocurrencies while “turning a blind eye” to securities laws designed to protect investors. The crypto currency exchange was also accused of insufficient internal controls and poor record keeping, partly reflected by commingling clients’ money with its own and paying operating expenses directly from clients’ accounts. “Kraken’s choice of malicious profits over investor protection is one we see far too often in this space.” Gurbir Grewal, SEC enforcement chief In a statement, Kraken said the SEC’s complaint acknowledges that any all
Read more

Robinhood increases crypto trading volume by 75% in Nov.

Investment firm Robinhood has released a report on some of its operating activity for Nov. 2023.  According to the document, the volume of cryptocurrency trading on the platform increased by 75% compared to October. Financial turnover from transactions with shares and option contracts remained at the same level as in Oct. 2023. Robinhood representatives also noted that over the past month customers made deposits amounting to $1.4 billion into the company’s accounts. “In November 2023, customers contributed roughly $1.4 billion of net deposits to Robinhood. Additionally, November equity notional trading volume s and options contracts traded were roughly in line with October 2023 levels, and November crypto notional trading volume s were roughly 75% above October 2023 levels.  Robinhood report The firm plans to release a detailed operating report for the fourth quarter of 2023 in the coming weeks. You might also like: Robinhood carries out third round of layoffs Robin
Read more