Binance, the world’s largest cryptocurrency
exchange, has released more details on a breach that resulted in over $40
million of bitcoins being stolen. Despite the theft, bitcoin is enjoying a
surge in its valuation, reaching an eight-month market share high.

Bitcoins bubble has certainly not been burst by the cyberattack. Indeed, the cryptocurrency remains the most popular on the market, becoming commonly used for buying goods online, such as from, and for moving funds digitally.

Changpeng Zhao, CEO of Binance, confirmed
more details of the theft on May 10. He said on Wednesday, 7,000 digital tokens
were stolen from the exchange. Zhao, also known as CZ, had already detailed how
hackers used sophisticated techniques to breach Binance’s robust security

$44 million bitcoins were stolen in total,
with no other cryptocurrencies affected by the breach. In response, Zhao says
Binance has overhauled its security methods.

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