Hackers Are Targeting This Altcoin On Binance! – Cryptokoin.com

Binance came to the fore with a hack attack that targeted the trading bots of the crypto trading platform 3Commas. This vulnerability was known before and the CEO mentioned it at CZ. It currently has $450,000 worth of altcoin losses.

Binance still vulnerable to 3Commas API vulnerability: This altcoin was stolen

Trading bot 3Commas, whose users are integrated with various exchanges, causes more money loss after third-party applications leak API keys. According to statements by Rodion Longa, founder of the Worldpokerdeals portal, a number of Binance users have saved their money due to a well-known vulnerability of the 3Commas trading bot API tools. Allegedly, $450,000 worth of BUSD is currently missing.

Binance CEO warned

cryptocoin.com As we reported, CZ warned users in November to delete unused API keys. He also asked them to be careful when using Skyrex and 3Commas. In the same period, 3Commas stated that they are also fighting phishing attacks that affect users of other exchanges. In particular, users of the now bankrupt FTX exchange lost more than $6 million due to phishing attacks. But the stock market made up for them.

Binance claims this is not phishing attacks and API key leak by 3Commas. However, Yuriy Sorokin, the founder of 3Commas, suggested that these were phishing attacks that could hit anyone, including Binance.

In new developments, “Longa”, who said that he has not used the 3Commas trading bot API for the last 11 months, underlined that this will not be a phishing attack. Similar complaints like this keep popping up. Twitter’s @coinmamba stated that he only tied his API to 3Commas services and forgot about that too. Coinmamba then immediately reported the issue to the Binance (BNB) team. He asked the exchange to recoup his money.

Although user CoinMamba itself was blamed for not deleting their API keys, the companies’ reaction was also unimpressive. Binance has since restricted CoinMamba’s account to a withdrawal-only mode, citing the user’s threat to Binance’s customer service.

Binance (BNB) restricts operations of affected users

The last CZ from CoinMamba’s site above responded to the user on Twitter. He said his case could not be eligible for Binance’s SAFU compensation program. He stated that this could be abused later:

Mamba has almost no way we can make sure users don’t steal their API keys. The trades were made using the API keys you generated. Otherwise, we will only be paying users to lose their API keys. I hope you understand.

CZ also stated that they have internally agreed to block 3Commas’s access if it doesn’t stop the API key from leaking. Binance’s recommendation to block access to 3Commas could prevent further losses. But users need to be more careful about API keys. Be extra careful with any third-party apps you allow to interact with your trades.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.

Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.

Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.

Show Disclaimer


source site-3