News

Skyrex Has Eliminated The Threat Of Attack

On Twitter, Skyrex admitted there was an attack, the intruder sent a trading order to an account with the AXS pair.
Skyrex Has Eliminated The Threat Of Attack 3

After a Twitter account named Carlos claimed his Binance account was hacked and lost $1.5M, the Binance team immediately clarified the matter.

On November 14, Binance CEO said that the cause of the incident was related to the leak of a third-party API key, Skyrex.

Skyrex Has Eliminated The Threat Of Attack 4

Carlos confirmed the unrecognized orders were due to his API key leakage. He only has one active API key and it was used on Skyrex, a crypto trading bot platform. We will try to disable all API keys that was used by Skyrex, figuring out how to identify them now.

Changpeng Zhao, CEO of Binance, said

Soon after, Skyrex had an announcement to fully explain the attack. They admitted there was an attack that affected Carlos’s account. Threats from this attack were promptly removed. The platform also recommends users to revoke and issue new API keys for safety. 

Regarding Carlos, they said he lost only 5% of the trading amount he had during the attack and will be compensated once the security of the system is restored.

Binance’s processing shows the strength of the largest exchange in the market. This further strengthens the position of Binance, after the collapse of the FTX empire.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

May

Coincu News

Victor

Recent Posts

Gate.io Shatters Records in Total Trading Volume in Q3 2024, with Its User Base Surpassing 17 Million

In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth…

22 mins ago

MEXC Champions the Future of Crypto Content Creation at CCCC

MEXC is proud to partner with the inaugural Crypto Content Creator Campus CCCC event, taking…

22 mins ago

Dtec Announces Global Partnership with DİZAYNVIP to Elevate AI-Driven Mobility Design  

Dtec and DİZAYNVIP partner to merge AI technology with luxury vehicle design, revolutionizing smart mobility…

1 hour ago

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

5 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

8 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

10 hours ago

This website uses cookies.