Binance Offers 25 Bitcoin For Any Information To Fight KYC Data Hack

Leading cryptocurrency exchange Binance is in trouble again. It was only a few weeks ago the exchange got hacked and lost over 40 million dollars and from the past few hours rumors been circulating suggesting the KYC data of users of site has been compromised.

Leading cryptocurrency is in trouble again. It was only a few weeks ago the exchange got hacked and lost over 40 million dollars and from the past few hours rumors been circulating suggesting the of users of the exchange has been compromised.


A channel in the popular social media communication app Telegram has been posting KYC pictures, with selfies and other data, claiming it is from the data they are withholding from Binance. The vigilant exchange took quick notice of this and later released a statement saying this is all false just to create some FUD. Adding that they have also received threats and harassment demanding 300 in exchange for withholding more photos.

The statement released by the exchange also mentions that the team is investigating the issue, and has offered “up to 25 bitcoin” for any helpful information that is legally actionable to fight this. “Please remember that protecting our users’ privacy and keeping our systems secure, including the funds stored within, is our utmost priority. We have numerous measures in place to ensure the safe-keeping of our users’ information, and we will continue to maintain the highest degree of transparency while serving our community.” concludes the statement.

Even though the legitimacy of this is yet to be confirmed, online discussion groups and crypto communities are filled with messages from concerned users, especially those who have submitted their KYC data to the exchange.

By Hiro Hamada

Hiro is passionate about business and finance news with over 4 years experience in the industry starting as a writer working his way up into senior positions. His contribution plays big role in the driving force behind Startup Fortune with a vision to broaden the news platform’s readership throughout 2019.

Leave a Reply

Your email address will not be published. Required fields are marked *