🔒 ᴋᴇʏ sᴇᴄᴜʀɪᴛʏ ʙʀᴇᴀᴄʜᴇs ɪɴ ʙɪɴᴀɴᴄᴇ ʜɪsᴛᴏʀʏ

1. May 2019 Hack

Hackers exploited vulnerabilities using phishing and social engineering, stealing 7,000 $BTC (~$40M). Binance swiftly responded by covering the losses via the SAFU fund, pausing withdrawals, and significantly enhancing security protocols. This event reinforced Binance’s commitment to user trust.

2. March 2018 API Attack

Compromised accounts were used to inflate Viacoin’s price. Binance acted quickly, freezing withdrawals and reversing trades to prevent losses. This incident emphasized the importance of securing API keys and being cautious with third-party apps.

3. July 2019 KYC Data Leak

A hacker claimed to possess KYC data, releasing over 10,000 user photos. Binance launched an investigation, offered a reward for identifying the hacker, and enhanced KYC security. This breach raised serious concerns about data privacy and personal information security.

4. November 2022 DeFi Exploit

Hackers exploited the BNB Chain’s cross-chain bridge, minting $570M in unauthorized BNB tokens. Binance suspended the chain, recovered/froze funds, and secured the network, demonstrating effective crisis management and highlighting vulnerabilities in cross-chain bridges.

#HamsterKombat #Babylon_Mainnet_Launch #MtGoxJulyRepayments #MarketDownturn #BinanceTurns7