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Binance CEO is suing Sequoia Capital for damages

Binance CEO Changpeng “CZ” Zhao is suing Sequoia Capital, a giant VC firm, for damages, claiming they damaged his reputation and stopped him from raising funds for the major crypto exchange he helms, CoinDesk writes. The case stems from a previous legal spat between the…

Binance Relaunches With $1.2M Giveaway Following System Upgrade

Cryptocurrency exchange Binance is preparing to leave its $40 million hack behind it, confirming it had relaunched most of its service May 15. Binance Goes Live (Again) Only around one week after hackers managed to circumvent security mechanisms in what CEO Changpeng Zhao said was…

Binance reopens deposits and withdrawals a week after $41M hack

Binance announced that it has reopened deposits and withdrawals after a week of upgrading the security system, which was initiated after the hack that resulted in a loss of $41 million worth of bitcoin. Last week, Binance announced that it was making “significant changes to…

Weekly roundup May 6 – May 10

This week bitcoin’s price carried on toward new yearly highs as price interest increased. Other headlines from the week include a Binance hack, Fidelity BTC trading, a Bitfinex IEO and more. Catch up on this week! Fidelity goes all in crypto, Bitfinex to launch an…

Security update by Binance on the hacking incident

Binance issued an update today on the security breach that took place on 7th May 2019 where the hacker stole 7000 Bitcoins (worth $43 million) by successfully obtaining “API keys, 2FA codes, and other sensitive information. The deposits and withdrawals were also paused following the…

Major Players Discuss BTC Rollback Following an Alleged Exchange Hack

The idea of rolling back the clock on cryptocurrency transactions to reverse a situation people are unhappy with is highly contentious. As such, many were shocked to hear that a number of major players in the industry had even discussed a rollback of BTC following…

Binance no longer #safu: Hackers steal 7000 BTC

On May 7th 2019, Binance has announced the identification of a security breach which led to the withdrawal of 7000 bitcoins. According to the official blog post, the hackers have been able to obtain “API keys, 2FA codes, and potentially other info”. This marks the…