Hours After $40M Bitcoin Hack, Binance Confirms Crypto Margin Support5.4

The past 24 hours have been extremely tumultuous for Binance, the largest Bitcoin (BTC) spot market per data from crypto startup Bitwise Asset Management. As NewsBTC reported on Tuesday in the wake of “unscheduled server maintenance,” the Malta-based cryptocurrency exchange was revealed to have lost 7,074 BTC, valued at $40 million, from its hot wallet — a sum that represents 2% of its Bitcoin holdings.

In a jaw-dropping blog post penned by chief executive Changpeng “CZ” Zhao, it was divulged that “hackers”, which remain unnamed, were able to obtain a large number of user API keys, two-factor authentication codes,  and “potentially other” tidbits of information, giving them access to users’ accounts, even withdrawal permissions.

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