Binance Hacked. Change API and 2FA keys immediately!

in binance •  6 years ago 

Binance has been the target of a hack and about 7000 BTC were stolen. This is another reminder that you should not have money on exchanges. Every exchange can and will eventually get hacked. Not your keys, not your coins.

hacker-2300772_1280.jpg
source

It is still unknown how the hack was performed and this will take some time to figure out. As a consequence deposits and withdrawals are frozen for one week or more until they are sure that their system is secured. Since the attack targeted both users and the central Binance servers, it is recommended to change API and 2FA keys as soon as possible.

That being said, so far I am rather pleased with the way Binance is handling the event. So far they have been very open, they claim to have secured funds that they will use to compensate user losses and they seem to be interested to face the issue. If they handle it well this might even increase trust in some exchanges.

We will see in the next week what happens and then we can have a better assessment. For now, if you are using binance, go change your keys.

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How to change API?

Posted using Partiko Android

Go to account, then you will see a small box called api. If it says in yellow enable you have never used it and there is nothing to do. Otherwise disable it and then reenable it with a new token.

The same goes for 2FA. Disable and then re-enable. Only that in this case if you did not have 2FA you should definitively start using it :) API on the other hand is only needed by few people and should be diabled by default.

Great, seems like I cant do that..

It tells me my Codes are wrong..

But that's not new.. I remember I wanted to disable SMS 2FA but didnt manage to.. ^^^

Ill probably create a new Binance account..

Posted using Partiko Android

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