The wallet authorization system was abused to send assets to the attacker’s address.
So, it wasn’t simply a matter of someone successfully guessing a Binance account password.
3. Did Binance users also lose their balances?
Binance said it would replace all affected assets using company funds and SAFU. Binance also reported that it had already provided funds exceeding the amount of losses incurred.
However, this incident is still a reminder that storing assets on an exchange carries risks.#BİNANCE #SafeInvestingWithBinance
So, it wasn’t simply a matter of someone successfully guessing a Binance account password.
3. Did Binance users also lose their balances?
Binance said it would replace all affected assets using company funds and SAFU. Binance also reported that it had already provided funds exceeding the amount of losses incurred.
However, this incident is still a reminder that storing assets on an exchange carries risks.#BİNANCE #SafeInvestingWithBinance