Binance KYC leak hack or not? - page 2.

timerland

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Quote from: Japinat on August 19, 2019, 12:34:26 AM

Quote from: boyptc on August 08, 2019, 12:45:34 PM

Quote from: dkbit98 on August 07, 2019, 07:23:25 PM

More update:

https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker

I don't know who to believe if its Binance or Bnatov who's telling the truth.

While Binance puts the blame to a third party company. I will learn and know more about this hot issue.

Binance can fabricate a story of their own, it's their business at risk here so they'll have to come up with a good explanation that will make traders not to panic and withdraw their funds. Until I hear some report coming from an independent investigator that has a good reputation, I would not believe any story that would come out.

Them denying it and saying it hasn't happened isn't illegal, or bad really. It's them trying to save their business, and it's much easier and possibly better than saying they've leaked thousands of customer's KYC information.

Quote from: Darker45 on August 20, 2019, 08:50:49 AM

Although it didn't come to my mind that all these incidents are partly inside jobs, I wonder why Binance appears so exposed to these security attacks. A giant exchange with a 24-hour volume reaching almost a billion USD getting successful successive security attacks? Where did the income go? Are they not investing a significant portion of their income for security protection? They can pay a lot of shills to provide hype to their brand but they cannot shell out money for their own protection?

A truly independent third party investigator should make an honest-to-goodness audit report, and not just a garbage report that is done with a price just to pacify the traders.

I don't think this is all their fault, no doubt they have tried to make their exchange as secure as possible, and they have probably spent millions on security, tests, etc.

All centralized exchanges will fall to hackers, it just depends on time. Hackers are getting really good, and possibly even better then exchange's security, and they'll always find a way. This is why DEX's are the only real way to trade successfully, but due to rules and regulations, it's making it very hard to advance DEXs.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: Darker45 on August 20, 2019, 08:50:49 AM

Although it didn't come to my mind that all these incidents are partly inside jobs, I wonder why Binance appears so exposed to these security attacks. A giant exchange with a 24-hour volume reaching almost a billion USD getting successful successive security attacks? Where did the income go? Are they not investing a significant portion of their income for security protection? They can pay a lot of shills to provide hype to their brand but they cannot shell out money for their own protection?

This is the problem with majority of the big exchanges, they spend their effort and resource for more advertisement and branding but they will not take good care of their security, when ever there is a hack the owner comes up with his regular tweets that it is safe and nothing to worry, people will move out and find new platforms if they do not care about customers and their privacy and security, Poloniex was once a big exchange and a couple of years back they started having all the issues of coins getting delayed even after depositing and it takes three weeks to get a response from the customer support and they lost many customers and that will happen to Binance too.

darklus123

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Im just glad that I did not went for a KYC in the previous exchanges that I've used. I move out from bitmex moved to Binance but when they decided to make their KYc policy such as the poloniex.

I can probably say that at first the binance management is really trying to be honest with us because they were known for being public if anything bad happens to their system. Tho, when they certainly lose their control with the multiple hacking issue they started to getting more private. Maybe to protect their image which is completely understandable. I think the main issue here is their systems capability shouldn't be trusted. For me they are still one of the few whom you can somehow trust if they can improve their securities

Those alleged "white hackers" are completely arrogant in my opinion. Hacking for their personal goal isn't considered as white hacking at all cause if they do. They did not get the personal info and use it to gain money. They can somehow earn it by providing the said exchanger the solution with their price that is probably more ethical

Darker45

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Quote from: Japinat on August 19, 2019, 12:34:26 AM

Quote from: boyptc on August 08, 2019, 12:45:34 PM

Quote from: dkbit98 on August 07, 2019, 07:23:25 PM

More update:

https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker

I don't know who to believe if its Binance or Bnatov who's telling the truth.

While Binance puts the blame to a third party company. I will learn and know more about this hot issue.

Binance can fabricate a story of their own, it's their business at risk here so they'll have to come up with a good explanation that will make traders not to panic and withdraw their funds. Until I hear some report coming from an independent investigator that has a good reputation, I would not believe any story that would come out.

I have just actually opened an account with Binance. I was never a fan of the exchange even if it is one of the most hyped exchange nowadays. But since the volume is there and there's a 2-BTC daily withdrawal limit for an unverified account, I suddenly became one of the users. But I was extremely disappointed when months ago there was a successful hack which took away $40 million. But then it was not enough, I was more surprised when it was then followed by this KYC information hacking incident.

Although it didn't come to my mind that all these incidents are partly inside jobs, I wonder why Binance appears so exposed to these security attacks. A giant exchange with a 24-hour volume reaching almost a billion USD getting successful successive security attacks? Where did the income go? Are they not investing a significant portion of their income for security protection? They can pay a lot of shills to provide hype to their brand but they cannot shell out money for their own protection?

A truly independent third party investigator should make an honest-to-goodness audit report, and not just a garbage report that is done with a price just to pacify the traders.

Japinat

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Quote from: boyptc on August 08, 2019, 12:45:34 PM

Quote from: dkbit98 on August 07, 2019, 07:23:25 PM

More update:

https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker

I don't know who to believe if its Binance or Bnatov who's telling the truth.

While Binance puts the blame to a third party company. I will learn and know more about this hot issue.

Binance can fabricate a story of their own, it's their business at risk here so they'll have to come up with a good explanation that will make traders not to panic and withdraw their funds. Until I hear some report coming from an independent investigator that has a good reputation, I would not believe any story that would come out.

timerland

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Activity: 1526

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Quote from: magisterr on August 17, 2019, 12:13:52 PM

Almost the same was with Huobi exchange:

https://www.theblockcrypto.com/2019/08/15/this-issue-is-different-huobi-responds-to-user-phone-number-leak-following-binance-kyc-hack/

And similar story with Coinbase exchange:

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

People should move in coming months to decentralized exchange. DEX cross-exchanges - future Roll Eyes

Yep, centralization is taking over everything crypto-related, when we wanted crypto to be the safe space for decentralization to advance forward.

It's very disappointing hearing all of these centralised exchanges being hacked when people have been warned for years that using centralized exchanges and putting your information on the internet is not a good idea. Sure, the exchanges have fault here for having hackable systems, but the people who trust the service also are at fault.

I'd love to see more DEX's flourish in the scene, but the regulations that are forcing all of those exchanges to add KYC, etc is really not helping.

We might have a future where DEX's are regarded as illegal, and we need to use Tor and VPN's to access them, which is horrible.

magisterr

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Almost the same was with Huobi exchange:

https://www.theblockcrypto.com/2019/08/15/this-issue-is-different-huobi-responds-to-user-phone-number-leak-following-binance-kyc-hack/

And similar story with Coinbase exchange:

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

People should move in coming months to decentralized exchange. DEX cross-exchanges - future Roll Eyes

dkbit98

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Quote from: peter0425 on August 14, 2019, 09:08:45 AM

Quote from: dkbit98 on August 07, 2019, 08:17:02 AM

We have news regarding Binance exchange and leaked KYC
https://thehackernews.com/2019/08/binance-kyc-data-leak.html

Binance responded:
https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak

Hackers wanted 300 BTC from Binance

What do you think?
I personally do not trust any exchange including Binance,
and I do not like KYC, for this reason among others....

Means you don’t trust exchanges?where did you buy ur coins?Or haven’t you holding any?binance is a good exchange for me though the KYC thing made me bother though almost all of them are asking for KYC now so there’s no chance that you ca invest in cryptocurrency or even do trading(not unless you are going to p2p in which more expensive)

Quote from: LMBDA on August 14, 2019, 08:00:08 AM

Users that cant accept the fact that binance isnt that secure, will say it isn't true. Nothing is secured after all lols

Never forget that all hackers are more genius than what we can expect so fo them nothing is impossible,even how secure a exchange but the chance of being a victim isn’t always there
Lucky that my exchangers didn’t got hacked while my assets are in their possessions

I did not buy then on Binance for sure... and that is private information

What defines 'GOOD' Binance exchange quiz?

1. They have been hacked and lost crypto multiple times. ✔️
2. They leaked users KYC and kept quiet about it ✔️
3. They block users from many countries to access it ✔️
4. They charge hundreds of Bitcoins to list new shitcoins ✔️
5. They can switch you off whenever they want in their 'DEX' exchange ✔️

...

peter0425

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Quote from: dkbit98 on August 07, 2019, 08:17:02 AM

We have news regarding Binance exchange and leaked KYC
https://thehackernews.com/2019/08/binance-kyc-data-leak.html

Binance responded:
https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak

Hackers wanted 300 BTC from Binance

What do you think?
I personally do not trust any exchange including Binance,
and I do not like KYC, for this reason among others....

Means you don’t trust exchanges?where did you buy ur coins?Or haven’t you holding any?binance is a good exchange for me though the KYC thing made me bother though almost all of them are asking for KYC now so there’s no chance that you ca invest in cryptocurrency or even do trading(not unless you are going to p2p in which more expensive)

Quote from: LMBDA on August 14, 2019, 08:00:08 AM

Users that cant accept the fact that binance isnt that secure, will say it isn't true. Nothing is secured after all lols

Never forget that all hackers are more genius than what we can expect so fo them nothing is impossible,even how secure a exchange but the chance of being a victim isn’t always there
Lucky that my exchangers didn’t got hacked while my assets are in their possessions

LMBDA

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Users that cant accept the fact that binance isnt that secure, will say it isn't true. Nothing is secured after all lols

Onstonyanet

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I dont like KYC system either... but its not up to me to decide. So whethever I want to use or not I have to.

dkbit98

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Quote from: 4mckinney on August 08, 2019, 10:47:29 PM

What I dont understand is that why would they offer a reward in identifying the culprit? I mean they said its only fud right?! I feel like they are just lighting a fire in their own mess. Why would they even bother to give such reward? Just doesnt make sense to me at all. I just remember the hack that happened to them last 3 months I think. They say that they are safe as an exchange and yet all these "accusations" are just so ominous.

They are BIG lairs and I don't trust them at all.
KYC is 'SAFU'...

4mckinney

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What I dont understand is that why would they offer a reward in identifying the culprit? I mean they said its only fud right?! I feel like they are just lighting a fire in their own mess. Why would they even bother to give such reward? Just doesnt make sense to me at all. I just remember the hack that happened to them last 3 months I think. They say that they are safe as an exchange and yet all these "accusations" are just so ominous.

eddygarfield06

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Cant really trust exchanges. SMH

Ierancha5

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I think these experiences are unnecessary. They should be trusted

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Quote from: dkbit98 on August 07, 2019, 07:23:25 PM

More update:

https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker

I don't know who to believe if its Binance or Bnatov who's telling the truth.

While Binance puts the blame to a third party company. I will learn and know more about this hot issue.

omonuyak

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Activity: 882

Merit: 269

Quote from: dkbit98 on August 07, 2019, 08:17:02 AM

We have news regarding Binance exchange and leaked KYC
https://thehackernews.com/2019/08/binance-kyc-data-leak.html

Binance responded:
https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak

Hackers wanted 300 BTC from Binance

What do you think?
I personally do not trust any exchange including Binance,
and I do not like KYC, for this reason among others....

300btc is much because the hacker only stole kyc data and I will say it is possible to block the hacker without causing much damage! This is the reason why people and cryptocurrency enthusiast are promoting " privacy" KYC is against the ideas of bitcoin and other coins and it is good to all of these popular exchange to keep KYC aside and allow people to trade anonymously.

dkbit98

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More update:

https://www.coindesk.com/a-bitcoin-extortion-gone-wrong-inside-binances-negotiations-with-its-kyc-hacker

sweetbet

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SweetBet.com

Apparently the hack/leak took place in January/February 2019, so it's not old. The public is only just learning about it now. Be careful of any telegram groups that ask you for your info so they can verify if your info has been hacked, and don't click on any links they give you because that'll be the real hack.

peter0425

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Of course, who would trust anyone in crypto space? Binance says it's 2018, wherein they hire some 3rd party to help them with the huge amount of users that time in their trading platform. So it's possible that it was not a hack but a data leaked by the 3rd party. So let's see how it goes.

Topic: Binance KYC leak hack or not? - page 2. (Read 462 times)