Binance Offers $ 250,000 Prize for Hacking Information

Inforexnews

Amid the popularity of cryptocurrency in the world, making a number of digital currency investors or its users are worried about "hackers" who threaten the digital currency it has.

Post hackers that occurred during January and February 2018, bursacryptocurrency from Hong Kong, Binance Exchange directly offers a gift worth $ 250,000 in the form of cryptocurrency to anyone who can provide information that leads to hackers who break into the Binance Exchange security system.

In addition, Binance is also preparing a reward of $ 10 million in the form of cryptocurrencyfor anyone who provides hacking related information.

Binance Exchange CEO Changpeng Zhao said that although the March 7 attack was unsuccessful, the hacker's attack was seen to have been included in organized and large-scale crime.

In a hacker attack that took place since January 2018, Binance claimed no investors' money was stolen. However, it turns out the hackers try to target the identity of investors.

Through this burglary, many investors are almost stuck in a phishing game run by hackers. Phishing itself is a fraudulent practice, in which the victim gets email under the guise of an investment offer from a reputable company with the intention that the victim disclose personal information related to a financial account, such as a credit card number.

The Binance Exchange incident that occurred on March 7 is the latest attack on the cryptocurrency exchange.

In January, the Japanese cryptocurrency exchange was also hit by hacking which resulted in an investor loss of $ 530 million. While in February, the bursacryptocurrency of Italy, BitGrail also hit by an attack that resulted in a loss of $ 170 million.