Binance Says More Than $40 Million in Bitcoin Stolen in 'Large Scale' Hack

Binance Says More Than $40 Million in Bitcoin Stolen in 'Large Scale' Hack
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Hackers have stolen over $40 million worth of bitcoin from Binance, world’s largest cryptocurrency exchanges, the company said on Tuesday.

In a statement, the company said hackers stole API keys, two-factor codes and other information in the attack. Binance traced the cryptocurrency theft – more than 7,000 bitcoins at the time of writing – to a single wallet after the hackers stole the contents of the company’s bitcoin hot wallet. Binance, the world’s largest cryptocurrency exchange by volume, said the theft impacted about 2 percent of its total bitcoin holdings.