According to several posts on Reddit, Twitter and other social channels, ‎someone hacked the trading bot used by majority of people on Binance. The ‎hackers sold the altcoins in comprised accounts and bought another virtual ‎coin, Viacoin (VIA)‎.

The basic facts for now was that many accounts got hacked, then they pumped VIA price, which rose from 3500 to 18000 in a few minutes, using the comprised accounts’ assets.

Trading bot used by majority of people on Binance got hacked; not Binance.

This is why I am staying away from using trading bots, and doing it the old fashion way.

People who are using a particular trading-bots which got hacked got all their altcoins sold off into BTC, and bought VIA.
Could this hack be a scam by VIA-coin?

https://www.financemagnates.com/cryptocurrency/news/binance-suspends-withdrawals-trading-bot-hacked-users-accounts/

My previous POST was moved from some reason...
 
Binance is hacked, I always knew that the security in Binance is not good................


Your thought's ?

I don't like this news .It's too dangerous to keep money online

It's not too dangerous to store your money online. Just choose only those who are most trusted and had a good rating exchanges or wallets. And also binance is a little bit new, i hope they will fix this problem soon and be more secured.