Binance Exchange published an official report about the incident with Viacoin

Binance Exchange published an official report about the incident with Viacoin

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Binance Exchange, the suspicious activity on which could become one of the reasons for the fall of the rates of cryptocurrency on Wednesday, published an official comment about the incident.
According to their information, this was a well-planned attack, to which the attackers were preparing for at least several months.
The first phishing attacks were recorded in January, but their peak occurred in the second half of February. To gain access to user accounts, attackers used unicode-encoded domains that almost completely duplicated the original address of binance.com. So, in one of the cases, the only difference was two points under two characters in the address.
After gaining access to user accounts, attackers simply created API keys without taking any other action until yesterday.
On Wednesday,  using previously obtained API keys, hackers placed a large number of buy orders in a pair of VIA/BTC, thus artificially raising the rate of Viacoin. After that, they tried to sell the cryptocurrency, using 31 pre-populated accounts, and output the thus obtained bitcoins.
However, their attempt was unsuccessful, because by this time an automatic risk management system reacted to suspicious activity, which blocked the possibility of withdrawing funds.
“In addition, the VIA coins, introduced by hackers, were also frozen. Hackers not only could not steal anything, but also lost their own funds.
The hackers were well organized. They were patient enough not to take any action at once, and waited for the most convenient moment. They chose VIA, a cryptocurrency with low liquidity, in order to get the maximum benefit,” Binance writes.
Recall that previously Binance CEO Changpeng Zhao promised to transfer the money left by hackers to charity.

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