Hackers have stolen Bitcoin (BTC) worth over $40 million from the world’s largest digital currency exchange, Binance.

The hack

Binance disclosed the incident yesterday, hours after its chief executive officer Changpeng Zhao tweeted that the exchange was undertaking “some unscheduled server maintenance”. In a blog post on the company’s website, Zhao said that the hackers were able to withdraw 7,000 BTC in one transaction and provided further details about the incident.

“Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used,” Zhao said, adding that the exchange might not have identified all affected accounts.

The hackers executed “well-orchestrated actions through multiple seemingly independent accounts” which allowed them to pass the platforms existing security checks. “It was unfortunate that we were not able to block this…

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Source: https://thebitcoinnews.com/binance-disables-withdrawals-after-hackers-steal-nearly-41-million-in-bitcoin/