Category Archives: Binance
Binance Announces Listing Of $RON Token With Seed Tag Applied – NullTX
Binance has officially declared the listing of $RON token, with preparations underway since the token collection on January 26th.
As of now, the Binance hot wallet 0xb32bAFA3 contains 432,000 RON, valuing at $1.21 million.
$RON has experienced notable gains, with a surge of 12% in the past 7 days, 58% in the past 30 days, and an impressive 385% in the past 90 days, although it saw an 8% decline in the last 24 hours.
On-chain activity uncovered a significant event where someone sold a $1.04 million $RON position on OKX perp immediately following the Binance announcement, all in one trade. This sudden move caused the $RON perp price on OKX to plummet by 30% within a mere second.
Presently, $RON is trading at $2.910, showing a slight recovery from its low of $2.749, yet still 10% lower than its pre-listing price. However, the 24-hour trading volume of $RON has witnessed an impressive 391% increase.
The dynamics surrounding the $RON tokens listing on Binance underscore its volatility and the immediate impact of significant trading activities in the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Binance Announces Listing Of $RON Token With Seed Tag Applied - NullTX
Giant Whale Dumps 33K Ethereum To Binance, ETH Crash Ahead? – CoinGape
A giant crypto whale, identified by on-chain analytics firm Spot On Chain as czsamsunsb.eth, has offloaded a staggering 33,000 Ethereum (ETH), worth a hefty $75.74 million, onto Binance. The move, observed just as the ETH price experienced a recovery, is raising eyebrows within the crypto community, given the whales historical pattern of transferring ETH to Binance before market downturns.
Notably, investors and analysts alike are now closely monitoring the situation, anticipating whether this substantial sell-off is an ominous precursor to an imminent crash in the Ethereum market.
Spot On Chains recent post on the X platform highlighted the whales decisive action, unstaking and depositing an enormous 32,930 ETH to Binance when the tokens value hit $2,300. Notably, this transaction aligns with the whales historical behavior of shifting significant ETH volumes to Binance before witnessing notable price downturns.
Meanwhile, the timing, occurring as the market showed signs of recovery, has fueled concerns among traders and investors. The crypto community is now speculating on the potential motivations behind this massive transfer and whether it signals a lack of confidence in the current ETH market trajectory.
While the whale still retains 12,186 staked ETH, valued at around $28.1 million, in the Lido protocol, the lingering question is whether more ETH will be moved out, possibly indicating a lack of faith in the ongoing recovery.
Also Read: Key Events to Impact Crypto and Bitcoin This Week as Powell Wary of Rate Cuts
As news of the whales substantial ETH transfer reverberates through the crypto sphere, market watchers are on high alert. The lingering question of whether the whale will execute further moves amplifies the uncertainty surrounding Ethereums immediate future. Analysts suggest that the market should brace for potential volatility, emphasizing the importance of closely monitoring trading patterns and whale movements in the coming days.
Notably, as of writing, the Ethereum price was up 0.97% over the last 24 hours and traded at $2,313.15. Its trading volume soared over 39% in the same time frame to $6.14 billion. The second-largest crypto by market cap has touched a high of $2,322.65 and a low of $2,270,07 over the last 24 hours.
Meanwhile, Ethereum futures open interest increased by 5.21% over the last 24 hours, reaching 3.41 million ETH or $7.91 billion, CoinGlass data showed. Leading the surge, Binance and Bybit saw significant upticks, with Binances ETH open interest rising 3.20% to 1.16 million ETH, worth around $2.69 billion, and Bybit experiencing a 1.61% increase to $648.57K or $1.50 billion.
Crypto enthusiasts are advised to exercise caution and stay attuned to real-time market developments as this significant whale move adds a layer of complexity to the already dynamic crypto landscape. The implications of such a massive sell-off are far-reaching, making it imperative for investors to stay informed and adapt their strategies accordingly.
Also Read: Jupiter Token (JUP) Price Fluxes Amid LFG Launchpool Optimism, Whats Next?
Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam's expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam's journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.
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Giant Whale Dumps 33K Ethereum To Binance, ETH Crash Ahead? - CoinGape
If You Are a Binance User, Your Data Might Have Been Leaked – BeInCrypto
In an era where digital footprints are as crucial as physical ones, the crypto community has been abuzz with the latest revelation. A cybercriminal organization known as Tamagami has reportedly infiltrated several law enforcement systems, casting a shadow over user data security across platforms, including the crypto exchange Binance.
Tamagami claims to have access to Kodex, a tool used for Electronic Data Request (EDR) or subpoena requests for various online services such as LinkedIn, Discord, Tinder, and Binance. This access poses a significant threat, as it could lead to unauthorized data retrieval, putting user privacy at risk.
Cybersecurity platform HudsonRock reported the breach, highlighting similar infiltrations in Binance and Brazils police systems due to Infostealer infections. The trend extends beyond these entities, with major corporations like Google, TikTok, and Meta also falling prey.
Read more: 15 Most Common Crypto Scams To Look Out For
HudsonRocks investigation reveals that over 50 sets of credentials for Googles law enforcement system were compromised through Infostealer infections. These credentials are linked to various global law enforcement agencies. They include the Civil Police of Brazil, the Police of Arkansas in the USA, and others.
The potential implications of such breaches concern the crypto community. When bad actors mishandle personal details, they can lead to identity theft, extortion, and financial losses, which are just the tip of the iceberg.
Binance, in response to the escalating fears, took to X to address the concerns of users. The exchange clarified that their security team, upon evaluating the threat, confirmed the absence of a data leak from their systems.
Our security team has assessed this as they do all potential threats and have confirmed there is no such leak from Binance systems. User accounts remains safe.
Accounts are secured through many defenses, including MFA, biometrics, authenticators, etc.
As always, we appreciate anyone sharing potential bugs and security issues with us so we can investigate and, where necessary, take action to protect users, wrote Binance.
Criticism, however, remains rife within the community. A member pointed out the inherent risks of entrusting personal information to exchanges, especially those entangled in controversies.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Its always a good idea to give your personal information to exchanges that also knowingly launder money for terrorists.
Nothing could possibly ever go wrong here, wrote a community member with pseudonym username Bitfinexed.
The sarcasm in their statement reflects the underlying skepticism and fear among users.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.
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If You Are a Binance User, Your Data Might Have Been Leaked - BeInCrypto
Hacker sells ‘subpoena’ access to Binance, Coinbase, and Chainlink – Crypto Briefing
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A hacker claims to be selling access to a law enforcement request portal that can be abused to harvest sensitive user data from major tech and crypto firms like Binance, Coinbase, Chainlink, and others.
According to areportfrom Hudson Rock, the threat actor is offering to sell access to KodexGlobal, a law enforcement request account that can provide fraudulent subpoena access and request private user data in the guise of a law enforcement procedure. The hacker allegedly offers $5,000 (total) or $300 per emergency data request (EDR).
The KodexGlobal platform operates as an interface for law enforcement agencies and regulators, providing an ostensibly secure space for such procedures. Suppose access to such a platform is sold to a buyer from the dark web. In that case, personal user data from a company can be obtained illegally despite the ruse of a legal framework behind the request.
If abused, this could lead to identity theft, extortion, and financial fraud targeting crypto users, as well as users from other platforms such as LinkedIn, Tinder, Discord, and others.
Hudson Rock, the cybercrime intelligence firm that also investigated the recent MailerLite hack, which led to over $500,000 in funds drained from crypto wallets, said they identified over 50 different sets of credentials from KodexGlobal.
Hudson Rock also reported in December 2023 that a similar offering for access to Binances law enforcement portal was being sold through KodexGlobal. This was before a recentGitHub code leak involving Binancein which the exchange said that the risks from the leak were negligible and didnt pose a substantial threat to its platform-level security and usability.
Commenting on the recent report about KodexGlobal access being sold off to the dark web, a Binance spokesperson said that Hudson Rocks findings do not represent a breach of Binances internal systems. Coinbase and Chainlink have not issued official statements to address the issue.
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Hacker sells 'subpoena' access to Binance, Coinbase, and Chainlink - Crypto Briefing
Ripple co-founder’s hacked funds halted by Binance, Richard Teng confirms on X – crypto.news
Richard Teng, CEO of crypto exchange Binance, disclosed on Feb. 2 via a post on the social media platform X that the exchange acted swiftly to freeze the Ripple exploiters address following a substantial hack targeting the personal wallet of Ripple co-founder Chris Larsen.
Teng expressed gratitude towards the Ripple team and the blockchain analyst ZachXBT for their efficient collaboration and support in addressing the theft.
After finding out early on about the exploit that occurred at @Ripple, were happy to say that the #Binance team has managed to freeze $4.2 Million worth of $XRP stolen by the exploiter.
We appreciate both the communities efforts in flagging it to exchanges as always @zachxbt
Contrary to initial speculation suggesting a compromise of Ripples network or the XRP token itself, Larsen clarified that it was his personal accounts that were breached, not the infrastructure of Ripple. He noted that the stolen funds were being laundered through at least six different exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC.
The confusion around the hack was partly due to the misattribution of the affected account as Ripple itself in XRP block explorers XRPScan and Bithomp, as revealed by ZachXBT. This misattribution led to initial misunderstandings regarding the nature and target of the hack.
Larsen has since been in communication with various cryptocurrency exchanges to freeze the exploiters address and has involved law enforcement in the investigation.
Despite the sophisticated nature of the attack, the hacker did not employ crypto mixer services or decentralized exchanges to obscure their identity, a tactic that has recently fallen out of favor among cybercriminals to avoid detection and fund freezing by centralized exchanges.
While Binance has successfully frozen a portion of the stolen assets, the involvement of other exchanges, such as OKX and Kraken, in identifying or freezing related funds remains undisclosed.
This recent intervention by Binance to freeze assets linked to the Ripple hack is part of a continuing trend where the exchange has stepped in to mitigate the effects of cyber thefts within the cryptocurrency sector. For instance, in February of 2023, Binance played a pivotal role in aiding Norwegian authorities to secure the return of $6 million stolen in the Ronin network heist.
Moreover, Binances collaborative efforts extend beyond solo initiatives. Last year, the exchange collaborated with Huobi to facilitate the recovery of $1.4 million in crypto that had been stolen from Harmonys Horizon Bridge. In a similar vein, Binance was also instrumental in reclaiming $5.8 million for Axie Infinity after the Ronin Network was compromised and the stolen assets were moved through its platform.
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Ripple co-founder's hacked funds halted by Binance, Richard Teng confirms on X - crypto.news
Binance Freezes $4.2M of Ripple Hack Proceeds, Aids Investigation – Milk Road
Cryptocurrency exchange Binance has helped secure over $4.2 million worth of XRP tied to the recent hack of Ripple co-founder Chris Larsens personal crypto accounts. The exchange also stated they are supporting law enforcements ongoing investigation.
Highlights:
On February 1st, word spread that Chris Larsen, a Ripple executive, had several private XRP wallets compromised, resulting in the theft of more than $112 million worth of the token. Additionally, Larsen confirmed the breach on X, as Ripple worked with exchanges like Binance to track the stolen funds.
Read more: Polygon Labs Lays Off 19% Of Staff To Focus On Development
An examination of on-chain flows by blockchain investigator ZachXBT first discovered that over 213 million XRP had been drained from Larsens accounts in the attack. The perpetrators then tried obfuscating the money trail by shuffling the ill-gotten XRP through exchange services like MEXC, Kraken, and Binance.
Binance CEO Richard Teng has now revealed that, upon being alerted by ZachXBT and others, Binance has acted swiftly to identify and freeze $4.2 million worth of the stolen XRP that ended up on its trading platform.
Read more:Celsius Exits Bankruptcy, Will Distribute $3 Billion To Creditors
We will continue to support Ripple in their investigations and their efforts to retrieve back the funds, including closely monitoring the majority of funds still in the exploiters external wallets, Teng pledged via tweet.
The exchange is also providing active coordination with Ripple Labs, and law enforcement is working to track down where the bulk of stolen tokens reside.
Teng positioned Binances rapid response and open collaboration with Ripple as representative of its firm dedication to supporting a safe ecosystem.
Milk Road Writer
Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.
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Binance Freezes $4.2M of Ripple Hack Proceeds, Aids Investigation - Milk Road
Binance Double Down on Compliance with $213 Million Investment – Coinpedia Fintech News
Binance, the worlds top cryptocurrency exchange, is ramping up its spending on compliance, allocating an impressive $213 million compared to the previous $158 million. This move aims to tackle regulatory challenges and strengthen Binances compliance culture.
But is this a genuine shift in strategy, or simply a calculated response to recent legal troubles? Dive deeper to understand the motivations.
In response to increased regulatory attention, Binance is adopting a more serious approach to compliance, departing from its previous relaxed stance. CEO Richard Teng, taking over in November, sees this as a sign of Binances compliance culture maturing, crediting the teams quality, stating,
This is made possible with the quality of our talent who continue to meet the new challenges and opportunities of this exciting and fast-evolving industry.
The increased compliance spending covers various aspects, including personnel costs. Executive Steve Christies reappointment as deputy chief compliance officer is part of this strategy. Christie notes a stronger compliance culture at Binance, highlighting chief compliance officer Noah Perlmans presence, a former global head of financial crimes at Morgan Stanley.
Did You Know? Binance GitHub Leak Investigated What You Need to Know
Following a settlement with the U.S. Department of Justice in late November, involving a substantial $4 billion in fines and penalties, Binance stands firm. The settlement requires a court-appointed monitor to ensure adherence to terms set by the Department of Justice, Financial Crimes Enforcement Network, and the Office of Foreign Assets Control.
Despite regulatory hurdles, Binance reports significant financial success, attracting over $3.5 billion in new funds in January alone. Total assets now exceed $80 billion, showcasing resilience and growth.
In 2023, Binance saw a remarkable 30% increase in its user base, welcoming 40 million new users, reaching over 170 million in total. The report notes a surge in Binance Pay usage and P2P services, highlighting the exchanges adaptability. Over 60,000 requests from global regulatory authorities were addressed, with more than 120 compliance training sessions for personnel during this period.
Also Read: Binance Struggles With UK Return Amid Partner Rejections; Heres Why
The combination of financial success and a growing user base, as seen in the 2023 report, highlights Binances resilience amid legal challenges. The increased focus on compliance positions the exchange for continued success in this industry.
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Binance Double Down on Compliance with $213 Million Investment - Coinpedia Fintech News
Hamas victims file class action against Binance over allegedly facilitating terrorism financing – CryptoSlate
Families of Hamas victims have filed a lawsuit against the cryptocurrency exchange Binance in a federal court in Manhattan, alleging that the platform indirectly facilitated financial transactions for Hamas, Bloomberg News reported Feb. 1.
The lawsuit accuses Binance of enabling the terrorist organization to bypass sanctions and anti-money laundering laws, thus providing material support to terrorism. The plaintiffs are seeking compensatory and punitive damages in an effort to hold the exchange accountable.
The lawsuit filed against Binance by families of Hamas victims alleges that from 2017 to 2023, Binance processed transactions that effectively allowed Hamas to evade international sanctions and anti-money laundering (AML) regulations, thereby supporting the organizations terrorist activities.
Details from the lawsuit reveal that the plaintiffs include both individuals who have suffered directly from Hamas actions, such as hostages and relatives of deceased victims, and those who argue that Binances failure to prevent its platform from being used for terror financing has had devastating effects.
The lawsuit specifically targets Binances operations that purportedly allowed Hamas to conduct transactions via its platform, bypassing traditional banking systems and sanctions. It also names the former CEO of Binance, Changpeng Zhao, along with the governments of Iran and Syria, as defendants.
It is filed under the United States Anti-Terrorism Act, alleging that the defendants provided substantial assistance to terrorists.
This legal action is part of a broader scrutiny of cryptocurrency exchanges and their obligations under international financial regulations.
The case has attracted attention from various sectors, including U.S. lawmakers who have expressed concerns over the misuse of cryptocurrencies in terror financing.Senator Cynthia Lummis and Representative French Hill have both been vocal about the need for stringent oversight of cryptocurrency transactions to prevent their exploitation by terrorist networks.
Moreover, the lawsuit against Binance follows previous regulatory and legal challenges faced by the exchange, including fines for AML violations and the conviction of its former CEO. These incidents have exposed vulnerabilities within the crypto exchanges operational frameworks, prompting calls for enhanced compliance protocols to prevent sanctioned entities and individuals from using these platforms for financial transactions.
This legal action against Binance marks a critical juncture in the ongoing debate over the accountability of cryptocurrency exchanges in preventing their services from being used for unlawful activities. The outcome of this lawsuit could lead to significant changes in the regulatory landscape for digital currencies, potentially establishing new precedents for the enforcement of AML and CTF regulations within the crypto sector.
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GitHub repository exposed Binance’s internal passwords and code – crypto.news
Binances source code has been openly accessible on a GitHub repository for months, with the exchange asserting that the leak posed only a negligible risk.
Journalists at 404 Media discovered what they say is a highly sensitive cache of code, infrastructure diagrams, internal passwords, and other technical information related to Binance, openly available on a GitHub repository for several months.
According to the report, the repository included a folder labeled binance-infra-2.0 with a diagram illustrating the interconnections among various components of Binances dependencies. Additionally, it contained numerous scripts and code, some of which appeared related to Binances implementation of passwords and multifactor authentication, with comments in both English and Chinese, as noted by 404 Media.
While a spokesperson for Binance confirmed the leak, noting that the information posed a negligible risk to the security of our users, their assets or our platform, the description of the takedown request showed a slightly different picture, saying that the code poses a significant risk to Binancec. and causes severe financial harm to Binance and users confusion/harm.
The spokesperson also added that the code does not resemble what we currently have in production.
As per the report, the leak contained passwords for systems marked as prod, indicating production systems rather than demo or development environments. Additionally, at least two of these passwords corresponded to Amazon Web Services servers used by Binance, the report says. However, it is unclear if a third party distributed the code maliciously or if a Binance employee accidentally uploaded it to GitHub.
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GitHub repository exposed Binance's internal passwords and code - crypto.news
Binance Airdrop Full Guide: How to claim Coin airdrop? | by Maze Journey | Feb, 2024 – Medium
Binance AIRDROP
If youre curious about the world of participant airdrops and governance tokens, the Binance initiative airdrop is a great place to start. This guide will streamline the process for you, explaining how to participate in this airdrop and what you can anticipate.
Binance airdrops are unique events where free tokens are distributed to existing token holders. Theyre a way for crypto projects to acknowledge their faithful community members.
The airdrop campaign is unique because it provides not only 500USD but also involves governance tokens, offering participants a say in future project decisions. This airdrop is particularly thrilling for those keen in decentralized finance and community-led projects.
Be Engaged: Proactively participating in the crypto community can boost your chances of getting more airdrops.
Stay Informed: Keep up with new projects and opportunities for free tokens.
Legal Compliance: Always make sure youre abiding by local laws and regulations when participating in airdrops.
The Binance airdrop is not just about getting free crypto. Its also a chance to join a community-led token initiative and help guide the projects direction. The Binance airdrop offers more than just free crypto. It provides an opportunity to be part of a governance token initiative and contribute to the projects progression. By staying informed and actively involved, you can optimize the benefits of this airdrop and other similar opportunities. Additionally, your involvement in decentralized finance will increase your influence. It is essential to remember that being well-informed and secure is highly significant in the world of cryptocurrencies. Remember, in the world of cryptocurrencies, being knowledgeable and secure is essential.
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Binance Airdrop Full Guide: How to claim Coin airdrop? | by Maze Journey | Feb, 2024 - Medium