Binance offers $10 million in cryptocurrency to nab hackers

CNET | 3/12/2018 | Dan Dziedzic
ziggy1023 (Posted by) Level 3
Click For Photo: https://cnet1.cbsistatic.com/img/kmbJ8tjLi1Jdm1WRpyaArUxai8A=/2018/03/12/35cf4325-6133-42d4-846d-5d0cc072d673/binance-cryptocurrency-hack-security.jpg

Binance is offering $250,000 for information on the March 7th hack attempt against its company.

The largest cryptocurrency exchange, Binance, now has $10 million set aside in crypto reserves for bounties to catch hackers.

Strategy - Hacking - Attempt - March - Phishing

This offensive strategy stems from a failed hacking attempt on 7 March, when a large-scale phishing scam culminated in hackers almost stealing millions of dollars in cryptocurrency. For that hack attempt alone, Binance is offering a $250,000 equivalent bounty to the first person to supply any information leading to the legal arrest of the individuals involved. Binance also said that all funds are safe from that hack attempt.

"To ensure a...
(Excerpt) Read more at: CNET
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