Binance resumes trading following $40M bitcoin hack

suffered from a data breach that resulted in hackers stealing the equivalent of over $40 million in bitcoin. Hackers stole API keys, two-factor codes and other information in order to transfer over 7,000 bitcoins to their own wallets. Binance covered the bitcoins lost with its own funds.n

Shortly after the company noticed the hack, the company blocked some features on the platform in order to perform a security review. In particular, withdrawals and deposits have been frozen for a week so that hackers canu2019t steal more crypto assets.n

Given that anybody can track the stolen bitcoins by looking up transactions on the bitcoin blockchain, Binance has been talking with other exchanges in order to track and freeze the stolen assets.n

Binanceu2019s own cryptocurrency BNB is currently…

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