Syscoin Hack Disrupts Binance Prompting Temporary Shutdown157.64

Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to reset all APIs, which are believed to have facilitated the attack.

Also read: EU Report Advises Regulators Not to Ban or Ignore Cryptocurrencies

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