Binance was at Fault. Not people getting “phished”
Binance has tried to insinuate this attack was from accounts being “phished”, and not an inside job or someone hacking into Binance’s data directly. There is no way this is the case with 2FA. Someone got access into Binance’s servers.
Another big red flag is if it wasn’t Binance’s fault, why would they be covering the loss?
If my account gets phished next week and someone steals my funds are they going to cover my loss? NO THEY ABSOLUTELY WON’T
Have they covered anybody’s funds to date that got phished? NO
Binance is trying to retain trust from the people yet they are blatantly lying about what happened and pretending everything is ok. Get everything off of their site as soon as you can.
? We’ve been very clear about it; you can even read CZ’s tweets. This wasn’t like the previous situations where the users’ own lack of security was the result of the incident. “Phishing” is not a tactic limited to customers.
This was a “security breach”, as we labeled the announcement. No need to start spinning conspiracy theories simply because you misunderstood the situation. We created the SAFU fund exactly for this purpose and that is what it is being used for.
As we have more information to provide, we will provide it. Feel free to take your exaggerated fear-mongering elsewhere.
Here is the quote:
> Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.
The way I read it is that employee account(s) got phished or virused, not individual users. From there they were probably able to get elevated credentials to be able to figure out how to engineer something that would bypass the security measures, since most of them are not publicly known.
This would also explain why it’s taking so long — they need to comb through their entire codebase to make sure there isn’t some hidden backdoor placed somewhere.
dear god. there is so little need for people like you right now…
Shutting down withdrawals for a week seems extreme if funds are safu, open the gates …
Do we know of anybody whose account was actually affected by this?
> There is no way this is the case with 2FA. Someone got access into Binance’s servers.
This is all your assumption. Until we find out what happened, you’re just purely speculating.
>Another big red flag is if it wasn’t Binance’s fault, why would they be covering the loss?
Maybe they are covering the loss because they want to remain as a very credible exchange? They sure have enough money to cover it.
I got everything off their site long ago. All you have to do is get very familiar with their API’s to see how shay the operations is. Unregulated exchange. I can’t believe so many thought CZ is a good guy.