Binance CEO‘water, earlier this month 3Commas API denied claims of loss due to key leak; now 3Commas suggested disabling API keys.
3Commas CEO Confirms API Key Leak After CZ’s Warning
Binance CEO Changpeng Zhao (CZ) warned his 8 million Twitter followers on Dec.
I am reasonably sure there are wide spread API key leaks from 3Commas. If you have ever put an API key in 3Commas (from any exchange), please disable it immediately.
stay #SAFU.
— CZ 🔶 Binance (@cz_binance) December 28, 2022
The statement by CZ comes after an incident on December 9 where Binance canceled the account of a user who complained that he had lost money the day before.
The user in question claimed that a leaked API key affiliated with the company was used “to trade low-value coins to raise the price for profit.”
Binance refused to refund the user. CZ tweeted that the loss was unverifiable and that if the company recouped such losses, “we will only be paying users to lose their API keys.”
On December 11, 3Commas CEO Yuriy Sorokin claimed on his company blog, Twitter and YouTube that fake screenshots were circulating claiming that the company had poor security and showed employees stealing API keys.
Sorokin denied the allegations in an in-depth technical analysis of the images.
Security issues at the company first surfaced in late October. At the time, the still functional FTX exchange had issued a security alert in response to reports from users of unauthorized trading pairs with DMG coin on FTX.
Now Sorokin has confirmed the leak and added that there is no evidence that the leak was an inside job.
1. Statement from 3Commas:
We saw the hacker’s message and can confirm that the data in the files is true. As an immediate action, we have asked that Binance, Kucoin, and other supported exchanges revoke all the keys that were connected to 3Commas.
— Yuriy Sorokin (@YS_3Commas) December 28, 2022
You can follow our Twitter account to learn about important developments at the last minute.
3Commas CEO confirmed the claim that API keys were hacked. https://t.co/XSbH8vkUMm
— Bitcoin System (@bitcoinsystem) December 28, 2022
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!