Cryptocurrency exchange Binance is offering a $250,000 reward in binance coin for information leading to the arrest of people involved in an attack that saw its users' cryptocurrency wallets emptied and forced Binance to temporarily stop trading on 7 March. A large-scale phishing attack tricked users into entering their account details on a fake web domain that looks similar to Binance's website. The hackers behind this attack, which took place between 10 March and 11 March, stole more than $700,000 worth of bitcoin, according to security firm Trend Micro. The company said the attack was unsuccessful, with the suspected attackers' wallets frozen. However, trades using converted bitcoin could not be returned.
Cryptocurrency exchange Binance is offering a $250,000 reward in binance coin for information leading to the arrest of people involved in an attack that saw its users' cryptocurrency wallets emptied and forced Binance to temporarily stop trading on 7 March. A large-scale phishing attack tricked users into entering their account details on a fake web domain that looks similar to Binance's website. This led to the creation of API keys that lay dormant until the hackers struck. The company said the attack was unsuccessful, with the suspected attackers' wallets frozen. However, trades using converted bitcoin could not be returned.