Binance Helps Kyber Network Find 2 Hackers Responsible for Attack | Crypto

Binance Helps Kyber Network Find 2 Hackers Responsible for Attack

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– Binance CEO Changpeng Zhao on September 3 revealed that the exchange has identified two suspects involved in the KyberSwap hack.
– Zhao tweeted that the Binance Security team had identified two suspects responsible for the attack and had provided the necessary information to the Kyber team.
– He added that the exchange was also partnering with Law Enforcement to ensure the apprehension of the hackers.
– Recall that the Kyber Network had on September 1 suffered a frontend attack that led to the theft of about $265,000 worth of users funds.
– The Kyber team had offered the hackers a 15% bounty while warning that there was no way for them to cash out the funds without doxing themselves.
– CZs revelation joins a slew of recent attempts by the exchange to make its platform much more difficult to use by malicious players.
– Recently, Binance helped Curve Finance to recover $450,000 stolen from the platform.
– Binance also recovered $5.8 million of the stolen funds from Axie Infinitys Ronin Bridge.
– Binances efforts at helping other platforms led a crypto community member to address the exchange as a Big Brother of the crypto industry.
– According to him, Binance has gone beyond securing its platform to securing the entire crypto ecosystem. Theres no other platform that has the will or the resources to help the crypto industry like Binance.
– CZ, however, rejected the tag saying the exchange is just helping out. Adding that the crypto industry does not need a Big Brother.

binance hack Binance Helps Kyber Network Find 2 Hackers Responsible for Attack

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