Home » Business » Hacking of the largest cryptocurrency exchange in the world .. and “CNBC”: $ 570 million in losses

Hacking of the largest cryptocurrency exchange in the world .. and “CNBC”: $ 570 million in losses

I lost BinanceIt is the largest cryptocurrency exchange in the world, with over half a billion dollars after its network was hacked

The Associated Press reported that the company suspended transactions and money transfers after discovering an exploit between two types of blockchains, a digital theft method that was recently used in at least one other major hack.

In a tweet, the CEO of the cryptocurrency 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 it has been reported since.CNBCThe cryptocurrency company lost $ 570 million

In a blog on Friday, he saidBinanceThey are working to close all areas of vulnerability and the blog reads: “Firstly, we want to apologize to the community for the abuse that has occurred. We own it. With the help of all the security experts, the projects and the auditors, the vast majority of funds remain under control. “

she saidBinanceLast year it was time for global regulators to set rules for cryptocurrency markets. The company recognized at the time that crypto platforms had an obligation to protect users and implement processes to prevent financial crimes, as well as a responsibility to work with regulators and policy makers to set standards to protect users.

This isn’t the first time cryptocurrency exchanges have been targetedNomadicA crisis where the service that allows users to send tokens between different blockchains has been hit, with media reports claiming it has been hacked for nearly $ 200 million. ?

Harmony, another cryptocurrency trading service, also lost around $ 100 million in a hack in June.

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