Binance Hack: Hackers Make Off With $40 Million in BTC

Binance Hack

According to Bloomberg, major cryptocurrency exchange Binance has suffered another hack. This time the hackers withdrew 7,000 Bitcoin, which values approximately $ 40 million USD. This is the second major breach the exchange has faced, the first being an incident in March 2018.

A notorious issue in the crypto-space, hacks have claimed $ 1.7 billion USD in 2018 alone.

Binance Hack

Via a post on its website, the exchange said that the hack occurred through a single transaction in a “large scale security breach.”

It furthered that the hackers used a “variety of techniques” …

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