Binance announced that it will give information on the attempted hacking incident on March 7 and give the information provider who will arrest the concerned about 250 thousand prize money.
On March 7, Binance, the world's second largest virtual currency exchange in terms of transaction volume, was targeted for massive attacks.
According to the company, in that attack, it took about two minutes to complete, and it was said that it was very skillful phishing and theft.
Due to the system operation of vinance, it is announced that the funds of users are safe.
Binance also stated what kind of flow this prize is paid.
The information provider leading to the arrest is paid at the BNB issued by Binance itself, and if there are multiple subjects, the company distributes the prize money to that subject.
In addition, Binance says it will secure about $ 10 million virtual currency in hacking against future exchanges and will cover the prize money for information provision.
I think that this effort will unite the virtual currency companies around the world and it will become a clue to solving the problems of conventions and safety which are problematic within the industry.
https://support.binance.com/hc/en-us/articles/360001615252-Binance-Hacker-Bounty
