Binance, one of the leading cryptocurrency exchanges, has taken a new measure as crypto currency exchanges have become the target of hackers. Binance announced that it has created an insurance fund against possible attacks.
While the interest in cryptocurrencies continues to increase rapidly every day around the world, the cryptocurrency transaction platforms where cryptocurrencies are bought and sold cyber attackare also increasing. Recently, one of the popular crypto currency trading, stock market and wallet platforms has witnessed one of these cyber attacks; As a result of the hacking of Crypto.com, which also operates in our country, a total of 483 users were affected and 34 million dollars worth of Bitcoin (BTC) and Ethereum (ETH) were reportedly stolen by cyber attackers.
As such, crypto currency exchanges, in order to protect against such dangers, measures started taking it. One of the ones taking steps in this regard is one of the world’s leading cryptocurrency exchanges. Binance Holdings it happened.
Binance creates insurance fund against cyber attacks
Against the possible attack on cryptocurrency trading platforms from hackers and the threat of seizure of assets, Binance Holdings is paying a large amount of money. insurance fund announced its creation.
According to Bloomberg HT, Binance uses crypto assets on the platform as an assurance against cyber attacks in order to address the attack and theft concerns. 1 billion dollars decided to create an insurance fund.
RELATED NEWS
Binance Goes to Restrict the Trading of Some Cryptocurrencies: So What Will Investors Do?
Making a statement on the subject, Binance CEO Changpeng Zhao said, “At Binance, we have always said that users’ funds are safe, and today the Binance Secure Asset Fund is like cyber attacks on users. effective protection against undesirable events. provides” used the phrases.
Source :
https://tr.sputniknews.com/20220131/binanceden-siber-saldirilara-karsi-1-bilyar-dollarlik-sigorta-fonu-1053313183.html