Million

<ul class="news-points"> 
 <li><strong>A Binance user lost about $1 million in a security breach while the hacker executed counter-trading techniques.</strong></li> 
 <li><strong>Binance asserts that the victim’s personal computer was hacked, and the platform cannot provide compensation.</strong></li> 
 <li><strong>The exchange also states that it processed the user’s request to freeze his account within 1 minute and 19 seconds.</strong></li> 
</ul> 
<p>In a recent X post, a Binance user, Nakamao identified himself as a “victim of an undercover agent,” claiming to have lost $1 million due to a security breach. The user alleged that the exploit was carried out by a malicious Chrome plugin that used counter-trading techniques to drain his account.</p> 
<p>Nakamao shared his harrowing experience of the hack and expressed his despair at Binance’s alleged lack of response. He stated, “During the whole process, I did not receive any security reminders from Binance.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="zh" dir="ltr">我成了币圈卧底的牺牲品，币安账户里100万美元灰飞烟灭<br><br>直到现在我整个人还是懵的，这几乎是我这几年全部的积蓄。… <a href="https://t.co/sSNUTXFZsc" target="_blank" rel="nofollow">pic.twitter.com/sSNUTXFZsc</a></p>— Nakamao
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoNakamao) <a href="https://twitter.com/CryptoNakamao/status/1797519128632381847?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>However, in response to the user’s complaint, Binance asserted that the incident was likely …</p>
<p>The post <a href="https://coinedition.com/binance-faces-user-backlash-after-1-million-hack-allegations/">Binance Faces User Backlash After $1 Million Hack Allegations</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Binance Faces User Backlash After $1 Million Hack Allegations

Coin Edition

Other articles published on Jun 4, 2024

Edward Snowden Makes A Bold Statement On Bitcoin: Details

4 Cryptos for Long-Term Gains : Bitgert, Safle, Chain4Energy, Pawfury

Notcoin Becomes Top 50 Crypto as Telegram Game Goes Viral

MoonBag Presale Exceeds $1 Mn, Leaving Dogeverse and Slothana in a Swirl of Worry

StarkWare launches $1M research fund for ZK Bitcoin scaling

Top Emerging Memecoins That Could Boost This Bull Rally

Join our free newsletter for daily crypto updates!