Binance Blocks Funds Stolen in Cryptopia Hack

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Major Cryptocurrency exchange Binance has frozen tokens which came to its wallets by the entity hacking the New Zealand exchange Cryptopia, CEO Changpeng Zhao reported on January 16 in a tweet.

The Binance CEO said:

Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high-risk maneuver for them.

And a lot of work for us, which we wish to avoid, but we will do them diligently, to protect users.

Zhao and his exchange have earned a reputation across the industry as among the safest and secure exchanges and were quick to react to the situation by freezing the stolen crypto.

Zhao also took to Twitter to speak openly about general security in the cryptocurrency space, further cementing him and his exchange’s status as the keeper of security in the cryptocurrency industry.

The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) $0.23298 -2.27%, $6,750 in KyberNetwork coin (KNC) $0.13726 -0.48%, $7,181 OmiseGO tokens (OMG) $1.27258 +0.02%, and $8,724 in EnjinCoin (ENJ) $0.03374 +0.37%. All of it totals around $30,000.

Changpeng Zhao was made aware of the stolen funds by twitter user @ShaftedTangu who also...

Read More: https://bitzamp.com/binance-blocks-funds-stolen-in-cryptopia-hack/

[Wasimalik]

That's a good to hear, after the sad news of Cryptopia hack and sadly i also had some funds their. I hope i will get something back, let's hope for better.