Coin Edition -
- A recent report cautioned against a potential security threat in Binance.
- According to the report, a hacker attempted to sell access to a sensitive area of Binance.
- Binance assures that the accounts are secured through MFA, biometrics, authenticators, and other strategies.
In recent developments in the crypto environment, the community has been cautioned against a potential security vulnerability in Binance. However, Binance assured its community that the user accounts remain safe and secured, free from security threats.
Our security team has assessed this – as they do all potential threats – and have confirmed there is no such leak from Binance systems. User accounts remains safe.Accounts are secured through many defenses, including MFA, biometrics, authenticators, etc.As always, we…— Binance Customer Support (@BinanceHelpDesk) February 4, 2024
A recent report released by the cybersecurity media firm Hudsonrock spotted a hacker who attempted to “sell access to a sensitive area of Binance.” While this law enforcement portal is crucial as it holds Binance’s sensitive data, the bad actor set a requirement of $10k in Bitcoins or Monero for access.
Reflecting on the report, CR1337, a prominent figure in the crypto space, shared an X post to draw his followers’ attention to the potential security risks of Binance. He tweeted, “Hackers can gain access to law enforcement systems of major organizations, gaining the ability to legally request personal details of users, including from Binance and Coinbase (NASDAQ:COIN) users.”