Skip to content

News / Archive

Update

Binance Warns of Fake Support Agents in DMs

Binance, the cryptocurrency exchange, has warned its users about fake support agents in their direct messages (DMs). The exchange lost about $6.3 billion in crypto after an Oct 29 attack on its hot wallets. Binance says 95% of the loss has already been replaced with company funds. The remaining 5% will be replaced with less-liquid coins bought on the market and OTC. Users are advised to be cautious and not to authorize any wallet transactions to regain access to their funds, as this could be a tactic used by attackers. The exchange has also announced that withdrawals will reopen in phases starting from Nov 1.

More Update