Thieves have stolen more than $40 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, as part of a “large scale” security incident affecting roughly 2 percent of its bitcoin holdings, the company announced Tuesday. Hackers stole two-factor authentication keys, API data, and “potentially other info” through an attack that combined phishing and viruses, Binance said in a May 7 statement. The result was the withdrawal of 7,000 bitcoin, worth nearly $41 million at the time of the heist, from Binance’s “hot wallet” when the time was right. No user funds were affected by the breach. “The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time,” the company said. “The transaction is structured in a way that passed our existing security checks. It was unfortunate that we were not able to block this withdrawal before it […]
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