Hacker attack on crypto exchange Binance
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Binance is the biggest place for crypto currencies in the world. Hackers attack the firm. Maybe people steal much money. Experts think the loss is billions of dollars. Binance stops the trade now. Customers can not take out money.
The founder of Binance has the name Changpeng Zhao. He says: It looks like a hacker attack. But the firm also says: The money of the customers is safe. Other firms help. They freeze money amounts. So the hackers can not use the money.
Until now, about 2,5 billion dollars are frozen. The number can still grow. The police help with the search for the doers. Also other crypto currencies lose value. The bitcoin price drops by more than 3 percent.
The founder of Binance has the name Changpeng Zhao. He says: It looks like a hacker attack. But the firm also says: The money of the customers is safe. Other firms help. They freeze money amounts. So the hackers can not use the money.
Until now, about 2,5 billion dollars are frozen. The number can still grow. The police help with the search for the doers. Also other crypto currencies lose value. The bitcoin price drops by more than 3 percent.
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Definitions
- Crypto currencies
- This is digital money. You can not touch it. It exists only in the computer network.
- Crypto exchange
- This is a digital market place. There you can buy or sell digital money.
- Stablecoin
- This is a special crypto currency. Its value is fixed to real money like the dollar.
People
- Changpeng Zhao
- He is the founder of the firm Binance and owns many parts of the company.
- Paolo Ardoino
- He is the boss of the firm Tether, which manages digital money.
- Jeremy Allaire
- He is the boss of the firm Circle, which works with digital currencies.
Sources
TechCrunch
Binance pauses withdrawals as hackers suspected of stealing billions in crypto | TechCrunch
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