Binance hackers have moved stolen bitcoin to 7 addresses, reported the crypto news outlet The Block. The hack occurred in about 7,074 bitcoins (BTC) — worth approximately $42.8 million being diverted from the exchange’s wallet. The event had 44 outputs, 21 of which were local Segregated Witness addresses, and those addresses got 99.97% of the reserves. The addresses are :
- bc1q2rdpyt8ed9pm56u9t0zjf94zrdu6gufa47pf62 (Bech32 address holding 1,060.6 BTC)
- bc1qx3628eh9tdnm0uzculu8k6r2ywfkc5zns2hp0k (Bech32 address holding 1,060.6 BTC)
- bc1qnf2ja3ffqzc3hskanjse6p8zag52fm6jgmmg9u (Bech32 address holding 1,060.6 BTC)
- bc1qw7g5uxxl750t0h2fh9xajwuxp4qt634yh3vg5q (Bech32 address holding 1,060.6 BTC)
- 16SMGihY94H8UjRcxwsLnDtxRt7cRLkvoC (P2PKH address holding 1,060.6 BTC)
- 1MNwMURYw1LkPnnpda2DQkkUsXXeKL9pmR (P2PKH address holding 1,060.6 BTC)
- bc1q3a5hd36jrqeseqa27nm40srkgxy8lk0v0tpjtp (Bech32 address holding 707.1 BTC)
According to The Block, the supplies from those 44 addresses have been moved to 7 wallet addresses, six of which carry 1,060.6 BTC, while one carries 707.1 BTC. Earlier, anti-money laundering and counter-terrorist financing firm Coinfirm had proclaimed that its investigation revealed how 1,227 BTC were transferred to two new addresses, one carrying 707 coins, while the other one 520.
After the hack, the Binance has gained huge support from the crypto community – both from the dealers and its rival exchanges. Significant exchanges including Coinbase denounced the addresses associated with the attack to stop the hackers from exchanging out the cryptocurrencies in fiat.
The hack occurred at 5: 15:24 PM on May 7 when hackers moved over 7,000 bitcoin from a particular Binance hot wallet into in a many of smaller wallets in a single transaction. The hackers then transferred small amounts into smaller wallets.
Hackers were able to capture user API keys, two-factor authentication (2FA), and conceivably other data. At this moment, Binance also doesn’t understand how many accounts have been hit. The hackers applied a variety of methods, including phishing, viruses and other attacks. The exchange is still gathering all potential techniques applied. There may also be extra hit accounts that have not been recognized yet.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
Buy Bitcoin now:
Buy Bitcoin, sell Bitcoin or trade Bitcoin. It can be easy!
You are new to Cryptocurrency and Bitcoin and want to get a head start?
We highly recommend our Starterkit to you!
You are addicted to Crypto and do not want to miss out?
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Currently we are not recommending trading at eToro. A better alternative is Coinbase. However, for old articles please refer to the general risk disclosure on eToro. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 76% of retail accounts lose money when trading CFDs from this provider.
You might also like
More from Cryptocurrency Exchanges
Cryptocurrencies have always been under fire for being used by tech-savvy criminals. No matter how many companies start to adopt …
Binance, one of the world's biggest cryptocurrency exchanges and the highest-ranked exchange by volume traded, has launched an investigation after …