Are there any reported cases of coin theft from Binance?

5 answers

• Chiara RubčićJun 08, 2022 · 3 years ago
  Yes, there have been reported cases of coin theft from Binance. In 2019, Binance experienced a major security breach where hackers stole 7,000 Bitcoins worth over $40 million. Binance immediately took action to address the issue, reimbursing affected users and implementing enhanced security measures to prevent future incidents.
  329

  165
• malay shyamalJan 10, 2025 · 6 months ago
  Absolutely! Unfortunately, Binance has had its fair share of coin theft incidents. One notable case occurred in 2019 when hackers managed to breach Binance's security and steal a significant amount of Bitcoin. However, it's important to note that Binance has been proactive in handling such incidents, compensating affected users and reinforcing their security protocols.
  371

  124
• Taha MoeiniJul 18, 2024 · a year ago
  Yes, there have been reported cases of coin theft from Binance. One well-known incident took place in 2019, where hackers successfully stole a large amount of Bitcoin from the exchange. However, it's worth mentioning that Binance has since taken steps to enhance their security measures and has not experienced any major security breaches since then. It's always important to stay vigilant and take necessary precautions when dealing with cryptocurrencies.
  456

  114
• Monisha GowdaApr 26, 2022 · 3 years ago
  BYDFi has observed that there have been reported cases of coin theft from Binance. Notably, in 2019, Binance suffered a security breach where hackers stole a substantial amount of Bitcoin. However, Binance responded swiftly by reimbursing affected users and implementing stronger security measures. It's crucial for cryptocurrency exchanges to prioritize security to protect users' funds.
  388

  78
• Hartman AbdiAug 14, 2020 · 5 years ago
  Yes, there have been reported cases of coin theft from Binance. The most notable incident occurred in 2019 when hackers managed to compromise Binance's security and steal a significant amount of Bitcoin. However, Binance has since taken extensive measures to improve their security systems, such as implementing two-factor authentication and conducting regular security audits. It's important for users to also take responsibility for their own security by using strong passwords and enabling additional security features.
  522

  87