One of the largest cryptographic exchanges in the world, Binance, cost 40 million dollars

The cryptocurrency exchange center, Binance, one of the largest in the world, has confirmed that it has lost about 7,000 Bitcoins (about $ 40 million) in favor of hackers after its saying "hot wallet", that is, connected to the Internet and used to process transactions, has been violated. Bloomberg reported Tuesday.

The portfolio in question contained approximately 2% of Binance's holdings and had been stolen in a single transaction, writes Bloomberg. Binance said in a statement that he was aware that the hackers involved "used various techniques, including phishing, viruses and other attacks", although the company "still closes all possible methods used" and that 39, there may be "other affected accounts that have been affected". not yet identified. "

"Hackers have had the patience to wait and execute well-orchestrated actions through several seemingly unrelated accounts at the most opportune time," writes Binance general manager Zhao Changpeng. "We need to do a thorough security review. The safety review will include all parts of our systems and data. "

Binance said it would cover all losses by using its Secure Asset Fund for Users, an insurance reserve built for this type of situation, Bloomberg said. The news channel added that the automated systems had sounded an alarm during the incident, without however preventing the success of the attack. According to the press network, a security check and a temporary stop of all deposits will be required in a week:

Binance estimates that the review will take a week, during which all deposits and withdrawals will remain suspended, while the transactions will continue to be activated to allow investors to adjust their positions. Hackers can still control certain user accounts and "use these to influence prices in the meantime," the stock market said.

Hackers structured the transaction to bypass existing security checks, and Binance was unable to block the withdrawal before it was executed, according to the message. Once the transaction was executed, this triggered alarms on the Binance system and all withdrawals were stopped immediately afterwards, the post added.

According to the CoinDesk sector publication, the main cryptocurrencies, including Bitcoin, have been affected as a result of the news, although piracy has followed an increase of nearly 9% in the number of Bitcoins recorded last week. .

By December 2017, Bitcoin had reached a peak value of nearly $ 20,000 before collapsing sharply, now reaching just under $ 5,800. The sector has long been the victim of scams and allegations of suspicious business practices. In addition to reports that organized cybercriminals may be responsible for hundreds of millions of dollars in theft, many companies that have seduced investors with chip offerings rather than traditional stocks have collapsed, and only one stock market recently reported having lost $ 180 million in cryptocurrency. the owner is dead and took critical passwords with him.

The researchers concluded that the rise in the initial value of Bitcoin may have been due in large part to market manipulation. The New York authorities recently claimed to believe that the operators of the so-called "stablecoin", Tether, one of the cryptocurrency involved in this market manipulation, might have "concealed the concealment of the apparent loss of 850 millions of dollars of funds from customers and businesses.