Sunday, January 29, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

Binance identifies KyberSwap hack suspects, involves law enforcement

bitwolf by bitwolf
September 3, 2022
in Blockchain
0 0
0
Home Blockchain



Serving to examine a $265,000 hack on decentralized crypto exchange KyberSwap, crypto alternate Binance narrowed down two suspects that appear liable for the assault. 

On Sept. 1, Kyber Community succumbed to a frontend exploit, permitting the attacker to make away with $265,000 value of consumer funds from KyberSwap. Whereas investigations had been underway, KyberSwap provided a ten% bounty — of roughly $40,000 — to the hacker as means to remediate the scenario.

Parallelly, primarily based on an impartial investigation, Binance’s safety staff recognized two suspects which may be liable for orchestrating the digital heist. Binance CEO Changpeng ‘CZ’ Zhao confirmed that the intel had been despatched to the Kyber staff.

#Binance safety staff has recognized two suspects for yesterday’s KyberSwap hack. We’ve supplied the intel to the Kyber staff, and are coordinating with LE (regulation enforcement).

Keep #SAFU. https://t.co/tbQBGaGTNG

— CZ Binance (@cz_binance) September 3, 2022

Binance has additionally begun coordinating with regulation enforcement as efforts from each ends proceed to nook the hackers.

Being the most important crypto alternate when it comes to buying and selling quantity, Binance’s proactive and selfless effort to assist traders from different ecosystems did not go unnoticed, as one of many group members pointed out:

“Binance is now taking part in the position of an enormous brother within the crypto area. Binance has gone past securing its platform to securing all the crypto ecosystem.”

If Binance’s investigation checks out, KyberSwap traders could also be witness to a uncommon community-driven hack redemption.

Associated: Binance froze $1M corporate account due to law enforcement request

CZ just lately retaliated in opposition to rumors and false allegations that Binance was a Chinese language-based “prison entity” that “secretly [belongs] within the pocket of the Chinese language authorities.”

Whereas explaining his long-time ties to Chinese language entrepreneurs and colleagues, he added:

“The best problem that Binance faces right now is that we (and each different offshore alternate) have been designated a prison entity in China. On the similar time, our opposition within the west bends over backward to color us as a ‘Chinese language firm.’”

CZ confirmed that Binance has by no means been legally integrated in China and by no means operated like a Chinese language firm culturally both.



Source link

Related

Tags: BinanceEnforcementhackIdentifiesInvolvesKyberSwapLawsuspects
ShareTweetShare
bitwolf

bitwolf

Next Post
BlockStream, Sevenlabs Launch Decentralized Bitcoin Exchange – Bitcoin Magazine

BlockStream, Sevenlabs Launch Decentralized Bitcoin Exchange - Bitcoin Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Trezor and Wasabi Join Forces To Make Bitcoin More Private

Trezor and Wasabi Join Forces To Make Bitcoin More Private

5
Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

1
DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

0
Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

0
Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

January 29, 2023
Yuga Labs co-founder to take leave of absence due to health reasons

Yuga Labs co-founder to take leave of absence due to health reasons

January 29, 2023
New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

January 29, 2023
Dogecoin (DOGE) and Axie Infinity (AXS) Don’t Offer The Same 1000x Potential As Snowfall Protocol (SNW) According To Market Analysts

Dogecoin (DOGE) and Axie Infinity (AXS) Don’t Offer The Same 1000x Potential As Snowfall Protocol (SNW) According To Market Analysts

January 29, 2023

Recent News

Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

January 29, 2023
Yuga Labs co-founder to take leave of absence due to health reasons

Yuga Labs co-founder to take leave of absence due to health reasons

January 29, 2023
New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

New York State Takes a Step Toward Cryptocurrency Adoption with New Bill

January 29, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Cardano Coin Cointelegraph crypto Cryptocurrency Data DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest Litecoin LTC Magazine market merge News NFT NFTs Polygon price rally Shiba SOL Solana Today token Top Trading Tweet Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In