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News

Binance With Suspicion Of Leaked Users’ API

December 11, 2022 - Around 2 mins mins to read
After a user complained about the exchange’s response to alleged money theft, Binance terminated a trading account.
Binance With Suspicion Of Leaked Users' API

According to the most recent Coincu report, many tokens were contra-traded on the exchange. Hackers have stolen certain users’ API KEYs and linked them to 3Commas. 3Commas is researching and believes this is most likely the outcome of a fraud. There were no such incidents on other platforms for automated trading.

In a series of tweets, the trader argues that Binance was unable to offer him enough support:

Meanwhile, the exchange alleges that the user “threatened” the company’s customer care team, leading to the suspension.

In another tweet, Changpeng “CZ” Zhao stated that it was considering putting the user’s account in off-boarding (withdrawal only) status, adding that “we don’t want to service people who are unreasonable.” The tweet was later removed, but a screenshot of it remains on the forum. The user’s account was subsequently canceled, and he was given three days to withdraw his funds.

CZ then replied to CoinMamba:

Binance With Suspicion Of Leaked Users' API

According to user tweets, 3Commas denied any hack on its protocols and databases and, as a result, accepted no responsibility for the stolen API credentials. Binance support immediately responded to CoinMamba:

Other Twitter users addressed the problem of the purported API hacker, urging that Binance block withdrawal and conduct an investigation.

According to the most recent Coincu report, many tokens were contra-traded on the exchange. Hackers have stolen certain users’ API KEYs and linked them to 3Commas. 3Commas is researching and believes this is most likely the outcome of a fraud.

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

Harold

Coincu News

3commas

API

Binance

CoinMamba

CZ

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Binance With Suspicion Of Leaked Users’ API

After a user complained about the exchange’s response to alleged money theft, Binance terminated a trading account.
Binance With Suspicion Of Leaked Users' API

According to the most recent Coincu report, many tokens were contra-traded on the exchange. Hackers have stolen certain users’ API KEYs and linked them to 3Commas. 3Commas is researching and believes this is most likely the outcome of a fraud. There were no such incidents on other platforms for automated trading.

In a series of tweets, the trader argues that Binance was unable to offer him enough support:

Meanwhile, the exchange alleges that the user “threatened” the company’s customer care team, leading to the suspension.

In another tweet, Changpeng “CZ” Zhao stated that it was considering putting the user’s account in off-boarding (withdrawal only) status, adding that “we don’t want to service people who are unreasonable.” The tweet was later removed, but a screenshot of it remains on the forum. The user’s account was subsequently canceled, and he was given three days to withdraw his funds.

CZ then replied to CoinMamba:

Binance With Suspicion Of Leaked Users' API

According to user tweets, 3Commas denied any hack on its protocols and databases and, as a result, accepted no responsibility for the stolen API credentials. Binance support immediately responded to CoinMamba:

Other Twitter users addressed the problem of the purported API hacker, urging that Binance block withdrawal and conduct an investigation.

According to the most recent Coincu report, many tokens were contra-traded on the exchange. Hackers have stolen certain users’ API KEYs and linked them to 3Commas. 3Commas is researching and believes this is most likely the outcome of a fraud.

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

Harold

Coincu News