Friday, March 9, 2018

"Binance Hack Made Criminals Lose Their Own Money in a Failed Bitcoin Heist"

These guys are even dumber than the British thieves we visited a couple years ago, link below.

From WCCF Tech:
Earlier this week, reports suggested that Binance, one of the largest cryptocurrency exchanges, was hacked as several users reported seeing their Bitcoin holdings turning into an altcoin named Viacoin (VIA). Binance confirmed that no money was lost. Now it appears that this is potentially the first time that it was the criminals – not the users or the exchange – who lost their money.

“All funds are safe,” Binance CEO Changpeng Zhao assured customers on Twitter. “There were irregularities in trading activity, automatic alarms triggered. Some accounts may have been compromised by phishing from before. We are still investigating. All funds are safe.”

Phishing campaign that was going on since January
The company’s cybersecurity team apparently intervened in time, suspending all the withdrawals, costing hackers some money. Binance said that hackers ran quite a well-planned phishing campaign that appears to be carried out by “well organized” cybercriminals.

This campaign started back in January that duped Binance users into handing over their login credentials through a phony website that carried an identical URL (bịnạ – notice the little dots that are nothing but gems for criminals behind phishing campaigns....MORE
...When criminals tried to cash these 31 Binance accounts, they couldn’t. Binance identified these accounts and reversed all transactions, confiscating the original Viacoin funds, as well, that criminals had deposited in their accounts....
And from March 2016:
"A gang of idiots somehow managed to steal $80 million of rare artifacts from English museums"