Your Keys, Your Coin; Not Your Keys, Not Your Coin - @aantonop
It seems that the age-old adage once again rings true. Not even the biggest crypto exchange can escape the claws of hackers..
What actually happened?
Before we get into it, let's look at how the market is doing:
7000 BTC stolen from Binance in Security Breach
So basically, Binance kinda got scr*wed..
Up to $41 Million USD worth of bitcoin (BTC) was withdrawn from Binance in a seemingly well-orchestrated and deliberated hack.
The hackers were also able to obtain a large number of users API keys, 2FA codes, and potentially other information. (Now is the time to renew your 2FA keys on Binance).
Binance will use their in-house SAFU Funds to cover the losses, meaning users' funds are safe.
Currently, all deposits and withdrawal are suspended on the site while a security review is being performed.
You can read the official notice here.
In other news,
Lets look at the bright side, how about some good news for a change.
😁 Grin Developers Receives Mysterious 50 BTC Donation
The developers behind Project Grin (GRIN) have reportedly received an anonymous donation of 50 BTC.
According to Grin's public financial report (yes, you can see their finances), funding of the project stands at $123,423.73 as of March 31st, 2019, prior to the large donation.
One news to make you smile and the other to give you some high blood pressure (only if you use the exchange anyway). Do you still store your cryptocurrencies on Exchanges? Are you okay if tomorrow your funds got stolen because you put them on exchanges? Where do you store your coins? Let us know in the comments!