After both the official account of the exchange on Twitter, as well as that of the founder and CEO of the company, Changpeng Zhao, were violated during the massive attack on July 15. The main crypto market company, Binance, speaks out about attacking Twitter. Releasing a statement clarifying your position regarding it. As well as the measures they have decided to take to protect the safety of their users.
The effects of the attack on Twitter
At this point, when only a little over 48 hours have passed since the massive hack against Twitter, it is difficult to measure the consequences of it. Well, although as reported here on CryptoTrend, from it hackers collected less than 13 Bitcoins in total. The truth is that the costs of the cyber attack are higher than that.
We mainly refer to the trust and security of users on platforms such as Binance, Coinbase, and of course Twitter, affected during the attack. Well, as it has been shown, the attackers seem to have had access to the control panel of users of the social network. This potentially endangers the personal information of all users of the company.
This has an economic cost, since the number of users and sponsors who do not want to be involved with Twitter from now on, will probably represent multimillion-dollar costs. Generating a situation that exchanges like Binance want to avoid, assuring their users that despite having been involved in the attack. The security of your funds is fully guaranteed.
Binance releases statement
Thus, Binance has spoken about the attack on Twitter, through a statement published on the company’s blog. In which he clarifies above all that the security breach did not come from Binance, but was an attack on Twitter’s infrastructure. Therefore, the platform would not be compromised in any way.
“Twitter has released a statement on its support account, stating that “they are aware of a security incident affecting Twitter accounts” and are “investigating and taking steps to fix it.” We have confirmed that this gap on Twitter was not caused by a vulnerability of the Binance platform or team members“
Likewise, the company has commented on some of the measures they are taking to protect the safety of its users. Including the ban on the Bitcoin addresses used in the scam within the exchange. In addition to the prohibition of sending money to this address by its users.
“Binance has blacklisted all the wallet addresses associated with the Twitter hacker, and we continue to take quick steps to stop the spread of these scams. Hacker wallets are not associated with Binance, and we have blocked Binance wallet addresses from depositing assets to hacker addresses“
Finally, the exchange ends its statement by recommending to the community to remain alert to safeguard their money. Not by clicking on suspicious ads, especially those that include the term “CryptoForHealth”. And promising to take all necessary steps to keep the community safe.