Binance KYC Hack: CZ Denies That Scammers Stole Thousands Of Users Data

BNB Token to Hit New All-Time High as Binance Chain Launches

Reports have been going around that the Binance Crypto exchange was allegedly hacked as “Thousands of KYC users data” were on Telegram messenger.

The solicitude of the major exchange users occurred when the photos of passports and identity cards allegedly owned by Binance users appeared on the Telegram channel named “FIND YOUR BINANCE KYC”.

The head of the Binance crypto exchange, Changpeng Zhao, reacted to the situation immediately; He stressed that the incident is under investigation and more information will arrive soon.

The conclusion of history was not long. In an hour, Zhao published a post which noted that the news is old, just a different interpretation.

At the moment there are no proofs that indicate any KYC copies have been stolen from Binance. The shared data did not include the digital watermark of the trading platform brand.

After awhile Zhao retweeted a video with a brief explanation of the situation, which says that the data was possibly leaked to the network via a third party back in 2018.

Binance Statement Regarding the Current Situation

According to representatives of the major crypto exchange, a certain unidentified person threatened and terrorized the company, demanding 300 BTC. Binance refused to cooperate with the blackmailer and he began to disseminate data on the network soon.

“First and foremost, there are inconsistencies when comparing this data to the data in our system. At present, no evidence has been supplied that indicates any KYC images have been obtained from Binance, as these images do not contain the digital watermark imprinted by our system. With that said, our security team is hard at work pursuing all possible leads in an attempt to identify the source of these images, ”said representatives of the major trading platform.”

Binance also added that the security service of the exchange is trying to determine diligently the source of the photos. For any information that helps to identify this person, the exchange is ready to offer a reward of up to 25 BTC.

Recall that in May, Binance was subjected to a hacker attack, during which the attackers made away with 7000 BTC. The losses were quickly and painlessly covered from the funds of the #SAFU fund created last year.

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