As developments from the hacking of Binance continue, the suspected hacker has now moved the stolen bitcoin into 7 different addresses.
Following yesterday’s news of Binance being hacked and the response from Chang Zhao, the Binance CEO, addressing the crypto community via Twitter, the hacker has reportedly moved the stolen funds.
On Wednesday, a total of 7,074 bitcoins were taken from a Binance hot wallet in a single transaction to 44 outputs. 22 of which were Segrit addresses. These held 99.7% of the bitcoin in total. Now, he has moved them again, this time into 7 others. 6 of which are holding 1,060.6 BTC each, while another holds a smaller amount of 707.1 BTC.
According to the avid crypto commentator, Crypto Sara, it cost them just $68.72 in fees to move the $41millions stolen funds. Which, if nothing else, is a credit to how cheap blockchain transactions are in comparison to other mainstream services.
It is unclear what knowing the location of the bitcoin wallets means for the likelihood of it being retrieved, but this should become clear over the next couple of days so we will keep you informed.
EXMO has made new changes to the minimum withdrawals of bitcoin from their platform. The platform informed users on Tuesday, 13th August, that the limit would come into immediate effect. With the new limit for withdrawals being set at 0.002 BTC, which sees a decrease by 5 times. Users have been told to consider this […]
Ethfinex has announced that it is set to close down its existing operations in order to rebrand itself under the title, De-fi. The news was announced via a blog post where it described the plan as its “biggest milestone yet.” The aim of the rebrand is to move towards a more decentralised exchange platform. Feeling […]
Monday saw the launch of CoinEx’s new options trading service. We took a look at what it promises users of the service. Following the launch of their accelerator programs, futures trading and margin trading on their platform, CoinEx latest new options trading service is the latest in the line of new products from the platform. But, […]
CEX.io have confirmed that new tokens will be available for trading on their platform, ONT and ONG, both of which are part of the Ontology Project, a public blockchain protocol with high performance. While part of the same project, the two coins are unique in their purpose and function. ONG operates as a utility token […]
KuCoin has released news of their second new listing in a week, Enecuum. Following the listing of the security firm Fortnoxer’s token last week, KuCoin has followed it up directly with the release of Enecuum for trading on their platform. While Enecum may have had a lower profile than its predecessor, following a private sale […]
Grammy-winning artist bringing his Akoin vision for Africa to November summit Malta A.I. & Blockchain Summit is proud to announce that Akon, hip-hop superstar and one of Africa’s most renowned philanthropists, has accepted a speaker slot at the crypto and blockchain focused show in November. He will be speaking about his Akoin token and how […]
Despite the resurgence of many leading cryptos since April, Cardano (ADA) is suffering. We take a look at its progress and what the future might hold for the top 20 crypto. Its been a tough few months for Cardano. Shortly after hitting their highest point since Summer last year, they have spent the last 3 months in Decline. Although it has […]
The main tax authority in the UK, Her Majesty’s Revenue and Customs, have applied to leading exchange platforms in order to find out whether cryptocurrency investors own any unpaid capital gains and income tax. According to reports, three leading exchange platforms, CEX, EToro and Coinbase, have all been targeted by the HMRC seeking users’ transaction […]