Hackers Steal 7,000 BTC from Binance, CZ Says ‘Not the Best of Days’

By CCN: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintanance” was unfolding. As it turns out, it was much worse than imagined, with hackers making away with 7,000 bitcoins, which at the current BTC price is worth approximately $40 million. The funds were stolen from Binance’s hot wallet, which was comprised of 2% of the exchange’s bitcoin holdings. Binance issued the following statement: “We have discovered a large scale security breach today, May

The post Hackers Steal 7,000 BTC from Binance, CZ Says ‘Not the Best of Days’ appeared first on CCN

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