Hackers stole bitcoin worth $41 million (£31 million) from Binance, one of the world’s largest cryptocurrency exchanges, the company said on Wednesday, the latest in a string of thefts from cryptocurrency exchanges around the world.
The 7,000 bitcoin were withdrawn by hackers using a variety of techniques, “including phishing, viruses and other attacks”, according to a post on Binance’s website by chief executive officer Zhao Changpeng.
Bitcoin’s price dropped by as much as 4.2 percent in early Asian trading as news of the hack broke, although it later recovered some of its losses.
Zhao said on Twitter other crypto exchanges, including Coinbase, had blocked deposits from addresses linked to the hack.
Exchanges in Japan and South Korea accounted for 58 percent of the thefts last year, the research found.
Zhao’s post on the Binance website said that all deposits and withdrawals from the exchange would remain suspended while the company conducted a thorough security review, which, it estimated, would take a week.
Source: UK Mirror
14 thoughts on “Hackers Steal £31 Million Worth Of Bitcoin From Cryptocurrency Exchange”