Reddit users have reported suspicious activities on their Binance accounts.
Most of the users say that their cryptocurrencies were sold to BTC and then to ViaCoin. Looking at VIA chart, we can see that something has happened.
Binance has stated
At the same time, they informed that clients’ accounts with registered API keys encountered problems. Those keys are used, among others, by trading bots and it looks like one of the trading bots is responsible for unauthorized transactions on client accounts. That software is used to monitor the market and automatically execute transactions following the programmed algorithm.
On the CryptoCurrency subreddit, we can find some security suggestions, which could prevent the similar situation.
For now, you can trade on those platforms without any problems: CoinDeal, Bitfinex, Bitrex, Kraken – more you can find here.
Tell us what do you think about Binance issue.
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Last modified: March 8, 2018
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