Among many developments, the cryptocurrency space is grappling with two major events. First, an address related to Binance has been hacked. On the other hand, it is claimed that a famous platform leaked user information as a result of a hack. Here are the details…
Cryptocurrency wallet lost $27 million
On November 13, renowned on-chain “detective” ZachXBT made a surprising discovery: A cryptocurrency wallet affiliated with Binance Deployer lost $27 million in a meticulously executed operation. The wallet address at the center of this heist, 0x0f2183c8e415e61b4ad7774bf1097019eb2d5b85798a2a229070495131d60321, witnessed a massive withdrawal of 27 million USDT in a single transaction. The stolen funds were quickly converted into Ethereum (ETH) and traveled through various protocols, including FixedFloat and ChangeNow, before finally being converted into Bitcoin via THORChain. What added complexity to the situation was the connection of this wallet address to Binance. Because the address received funds from the stock market just a week ago.
More importantly, two labeled Binance addresses, 16 and 18, transferred more than 27 million USDT to the compromised wallet address. Moreover, historical data on Etherscan reveals that this wallet received funds from a wallet associated with Binance Deployer in May 2019. Despite widespread speculation, Binance has yet to make an official statement.
Coin Cloud is in danger
Simultaneously, another bombshell dropped on the industry when an unknown threat actor claimed to have compromised Coin Cloud, a cryptocurrency platform that filed for Chapter 11 Bankruptcy in February 2023. The attackers claim to have leaked a range of sensitive information, including 70,000 customer selfies captured via ATM cameras and the personal information of 300,000 customers. This data includes Social Security Numbers, Dates of Birth, First and Last Names, email addresses, phone numbers, current occupations, physical addresses and more. Affected individuals come from both the United States and Brazil.
As a double whammy, the threat actor(s) also boasted of stealing the entire source code of Coin Cloud. The cyber security expert who disclosed this breach emphasized the seriousness of the situation and underlined that a wide range of personal information was potentially compromised. As the cryptocurrency community grapples with these scandals, security concerns are increasing. Users and investors are seeking clarity in the face of these unprecedented challenges. At this point, the resulting investigations and the response of Binance and Coin Cloud are being closely monitored. Time will tell what will happen in the future.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.