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.

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:

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.

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Harold

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