Binance | Breaking Cybersecurity News | The Hacker News

Threat actors have been observed serving malicious code by utilizing Binance's Smart Chain (BSC) contracts in what has been described as the "next level of bulletproof hosting." The campaign, detected two months ago, has been codenamed  EtherHiding  by Guardio Labs. The novel twist marks the latest iteration in an ongoing malware campaign that leverages compromised WordPress sites to serve unsuspecting visitors a fake warning to update their browsers before the sites can be accessed, ultimately leading to the deployment of information stealer malware such as Amadey, Lumma, or RedLine. "While their initial method of hosting code on abused Cloudflare Worker hosts was taken down, they've quickly pivoted to take advantage of the decentralized, anonymous, and public nature of blockchain," security researchers Nati Tal and Oleg Zaytsev  said . "This campaign is up and harder than ever to detect and take down." It's no surprise that threat act

BNB Chain, a blockchain linked to the Binance cryptocurrency exchange, disclosed an exploit on a cross-chain bridge that drained around $100 million in digital assets. "There was an exploit affecting the native cross-chain bridge between BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20 or BSC), known as 'BSC Token Hub,'" it  said  last week. "The exploit was through a sophisticated forging of the low level proof into one common library." According to Binance CEO Changpeng Zhao, the exploit on the cross-chain bridge " resulted in extra BNB ," prompting a  temporary suspension  of the Binance Smart Chain (BSC). "BNB, which stands for 'Build and Build' (formerly called Binance Coin), is the blockchain gas token that 'fuels' transactions on BNB Chain," Binance  noted  earlier this February. No user funds are said to have been impacted, since the vulnerability in the BSC Token Hub bridge enabled the unknown threat actor

It comes as no surprise that today's cyber threats are orders of magnitude more complex than those of the past. And the ever-evolving tactics that attackers use demand the adoption of better, more holistic and consolidated ways to meet this non-stop challenge. Security teams constantly look for ways to reduce risk while improving security posture, but many approaches offer piecemeal solutions – zeroing in on one particular element of the evolving threat landscape challenge – missing the forest for the trees.  In the last few years, Exposure Management has become known as a comprehensive way of reigning in the chaos, giving organizations a true fighting chance to reduce risk and improve posture. In this article I'll cover what Exposure Management is, how it stacks up against some alternative approaches and why building an Exposure Management program should be on  your 2024 to-do list. What is Exposure Management?  Exposure Management is the systematic identification, evaluation,

As suspected, the KYC details of thousands of Binance's customers that hackers obtained and leaked online earlier this month came from the company's third-party vendor, Malta-based cryptocurrency exchange Binance confirmed. For those unaware, Binance, the world's largest cryptocurrency exchange by volume, hit by a " Potential KYC leak " earlier this month, with an unknown hacker distributing the Know Your Customer (KYC) images of hundreds of its users online and to media outlets. Before leaking the KYC images online, the alleged hacker threatened the exchange to release KYC data of its 10,000 customers if the company did not pay 300 Bitcoins—equivalent to over $3 million at today's exchange value. While Binance CEO Changpeng Zhao called the incident a fud (fear, uncertainty, doubt), the exchange recently confirmed that some of the leaked images match actual accounts though others show evidence of manipulation. According to an official blog post , t

Malta-based cryptocurrency exchange Binance has become a victim of a ransom demand from a scammer who claimed to have hacked the KYC (Know Your Customer) data of thousands of its customers. The unknown attacker threatened the world's largest cryptocurrency exchange by volume to release KYC information of 10,000 users if the company did not pay 300 Bitcoins—that's equivalent to almost $3.5 million at today's exchange value. Although the authenticity of the hack is not confirmed yet, several photos of individuals holding their identity cards, such as passports and voter IDs, have been circulating across different online channels. In response to the incident, Binance just released an official statement today confirming that "an unidentified individual has threatened and harassed us, demanding 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data." Binance said the company is still investigating the legitimacy of those

Binance, one of the largest cryptocurrency exchanges in the world, confirmed today that the company lost nearly $41 million in Bitcoin in what appears to be its largest hack to date. In a statement, Binance's CEO Changpeng Zhao said the company discovered a "large scale security breach" earlier on May 7, as a result of which hackers were able to steal roughly 7000 bitcoins, which worth 40.6 million at the time of writing. News of the hack comes just hours after Zhao tweeted that Binance has "to perform some unscheduled server maintenance that will impact deposits and withdrawals for a couple of hours." According to the company, malicious attackers used a variety of attack techniques, including phishing and computer viruses, to carry out the intrusion and were able to breach a single BTC hot wallet (a cryptocurrency wallet that's connected to the Internet), which contained about 2% of the company's total BTC holdings, and withdraw stolen Bitcoins