One of the biggest Bitcoin exchanges, Binance, announced that hackers carried out a large scale security breach to steal USD 40 million.
The official release notes that the hackers were able to withdraw 7,000 Bitcoins in the transaction, impacting about 2 per cent of the company's total Bitcoin holdings.
The hackers carried out the attack through multiple independent accounts in a way that passed Binance's existing security checks. Binance said that a thorough security review will be conducted which will take about a week, during which all deposits and withdrawals will remain suspended.
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