Leading in terms of trading volumes, the Binance cryptocurrency exchange will update security systems after hacking, during which attackers managed to steal 7,000 BTC ($ 40.5 million). The changes will affect the API, two-factor authentication and the process of confirming the withdrawal of funds.
#Binance Security Incident Update
From the update of An @cz_binance , sharing current progress, Significant changes going forward and the addition of Universal 2nd Factor (u2f) support, such as with the @Yubico . https://t.co/PeYu7Ha0iq
– Binance (@binance) May 10, 2019
The CEO of ChangPeng Zhao did not disclose the details of the upgrade to the users, but stressed that in addition to the backend, risk management principles, user behavior analysis and the KYC procedure will also be changed.
According to him, the exchange will open withdrawals at the beginning of next week.
At the same time, Binance will add support for hardware wallets from YubiKey and other similar devices, and 1000 YubiKey will be played among users.
Recall about hacking Binance first became known on Wednesday, May 8. At the same time, Zhao even considered the possibility of reorganizing the Bitcoin network, but later abandoned this idea.
Later, the attackers began to split up the stolen funds and send them in parts to different addresses. We add that Binance, in partnership with research firms, monitors the migration of assets in an attempt to catch hackers.
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