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Binance is Under Attack but Zhao Keeps Calm

3 min reading

Not so long ago Binance exchange had to deal with a large hacker attack in which it lost a lot of Bitcoins, and now it seems to be in the spotlight again.

Data leak

On one of the Telegram channels KYC (Know Your Customer) information of Binance exchange users began to appear. Data leaked included information such as photos, passport numbers and IDs. Very soon thousands of people were interested in joining the channel. Changpeng Zhao and his people categorically deny rumours saying that any hacker attack happened. The head of Binance assured that the proceedings regarding a possible data leak are ongoing, moreover, he appealed for a reason and warned against falling into the FUD (fear, uncertainty, doubt).

Exchange's message

Changpeng Zhao's exchange also issued a long statement regarding the alleged data leak.
First and foremost, there are inconsistencies when comparing this data to the data in our system. At the present time, no evidence has been supplied that indicates any KYC images have been obtained from Binance.
According to the statement, the KYC data that appeared on the Internet is from the previous leak that occurred in February 2018. At that time, the KYC process was handled by an external company rented by Zhao.
Our security team is hard at work pursuing all possible leads in an attempt to identify the source of these images.
Additionally, an unidentified user who made public the data he allegedly acquired through the leak has contacted Binance; he threatened and insulted the exchange, and finally demanded 300 Bitcoins for stopping further publication of the information. He stated that he had nearly 10,000 photos that might have come from Binance.
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