Binance Jersey to Reward Hacker Who Compromised Its Domain Name

Cryptocurrency exchange Binance will compensate the white hat hacker who compromised Binance Jersey’s Internet domain name and Twitter account. Binance Jersey Twitter and domain compromised In a post published on Aug. 16, crypto exchange Binance Jersey announced that a white hat hacker was able to gain access to the @BinanceJE Twitter account (the official Binance Jersey profile) and the platform’s Internet domain name. Still, the company was able to recover the domain name within a few minutes, and the Twitter handle in some hours. Per the announcement, the hacker obtained…

LTC Dusting Attack on Binance Affected Nearly 300,000 Addresses: Report

The recent dusting attack against fourth-biggest altcoin Litecoin (LTC) on major cryptocurrency exchange Binance affected 294,582 addresses rather than the 50 Binance reported, according to a recent metrics report. Blockchain data and metrics firm Glassnode revealed its latest findings in a tweet on Aug. 15, saying that the LTC dusting attack affected 294,582 addresses. The analysis ostensibly also indicated a similar scale attack in April. Source: glassnode As previously reported by Cointelegraph, the LTC dusting attack on Binance occurred on Aug. 9. In the dedicated tweet, Binance linked to a…

Binance Jersey Partners with Crypto Platform Caspian for Faster Trades

Binance’s fiat-to-crypto conversion branch for euros and British pounds, Binance Jersey, has entered into a partnership with the crypto investment service Caspian, which provides trading, portfolio and risk management on its platform. Caspian shared news of the partnership with Cointelegraph on Aug. 14. The partnership will purportedly result in improved security for crypto investors, as well as a lower barrier to entry for the crypto market. The managing director of Caspian Chris Jenkins elaborated: “I am delighted for us to partner with Binance Jersey, a  substantial step forward in helping…

Crypto Exchange Binance Points out a Dusting Attack Against Litecoin

Cryptocurrency exchange Binance claims that a dusting attack against fourth-biggest altcoin, Litecoin (LTC). A large scale attack against privacy The official Twitter exchange of cryptocurrency exchange Binance claimed that a major attack against users of altcoin Litecoin took place yesterday. The firm made this claim in a tweet on August 9: “Approximately 5 hours ago there was a large-scale dusting attack on $LTC @Litecoin users.” The tweet also links to a transaction — which according to Binance is part of the attack — sending a fraction (0.00000546 LTC) of a…

Binance KYC Breach — Did It Happen, and If So, Who’s to Blame?

On Aug. 7, Binance, the world’s largest cryptocurrency exchange (by daily trade volume), fell victim to a hacking scandal that saw the miscreant allegedly gain possession of a huge chunk of the firm’s Know Your Customer (KYC) data (10,000+ personal photos). The hacker is reportedly demanding a total of 300 Bitcoins (worth around $3.5 million) from the exchange, or else he or she will release all of the data. Also, it bears mentioning that upon commencing his activities, the hacker set up a couple of dedicated Telegram groups (which have…

Stolen Binance Funds Still Being Laundered Through Mixers, Researchers Claim

May’s Binance hacker has been hard at work washing his stolen bitcoins through a mixing service. Clain.io, a Luxembourg-cryptocurrency capital flows research team, says the 7,074 stolen coins are being laundered through mixing service Chipmixer. Clain says at least 4,836 bitcoins were laundered since June 12th. A bitcoin tumbling service mixes a bitcoin’s unspent transaction outputs, or UTXOs, with other users’ coins. Since bitcoins are attached to the publicly verifiable blockchain with UTXOs, mixing services are used to obfuscate transaction histories that follow bitcoins around. Chipmixer was overwhelmed with the…

Binance Considering Support for 30 Tokens for US Customers

Major cryptocurrency exchange Binance has announced that it is expanding the number of digital assets available to United States-based customers. Per a blog post published on Aug. 9, Binance is considering support for 30 digital assets on the Binance US marketplace, its cryptocurrency exchange platform accessible to U.S.-based customers. Major tokens under consideration include Bitcoin (BTC), EOS (EOS), Ether (ETH), Cardano (ADA), Cosmos (ATOM), Basic Attention Token (BAT), Tether (USDT) and VeChain (VET), among several others. Tokens under consideration for Binance US. Source: Medium Binance is evaluating the above tokens…

Chipmixer Used to Launder BTC from Recent Binance Hack

On May 8, major crypto exchange Binance was the victim of its second major hacking. On this occasion, the thief/thieves made off with 7,000 Bitcoin, which valued at approximately $40 million USD at the time. (That same amount of BTC is worth almost double that at current rates.) Now, several months on, it has been discovered that at least 4,836 Bitcoin of that stolen loot was laundered through crypto mixing service Chipmixer. Stolen BTC Laundered through Chipmixer After Binance was hacked, the stolen coins were moved to seven addresses. Then, according…

Binance Hackers Bombard Chipmixer to Launder at Least 4,836 BTC

At least 4,836 Bitcoin (BTC) of stolen from Binance exchange in May 2019 was laundered through crypto mixing service Chipmixer. Attackers started laundering the stolen funds in a month after the hack Following a major Binance’s security breach that resulted in a loss of 7,000 BTC (more than $80 million at press time), hackers started to launder the stolen funds on June 12, 2019, according to research published by Luxembourg-based crypto capital flow firm Clain. As Clain noted in the study, it was pretty straightforward to trace the subsequent steps…

Binance Coin Soars 12% After KYC Leak ‘FUD’ Fails to Shake Investors

The native token of crypto exchange Binance has soared ~11% despite fresh rumors of a possible Know-Your-Customer (KYC) data leak affecting exchange users. According to data from CoinMarketCap as of press time, Binance Coin (BNB) is up 10.7% on the day to trade at $30.59. “@kycisimportant” Telegram group apparently deleted As reported yesterday, Binance has this week been at the center of a social media furor surrounding an alleged KYC data leak involving the personal documents of Binance users. A dedicated Telegram group — now apparently deleted as of press…