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2026-05-07 21:05:09 UTC

bitcoin.rocks on Nostr: On this day in 2019, Binance — the world's largest cryptocurrency exchange — was ...

On this day in 2019, Binance — the world's largest cryptocurrency exchange — was hacked, with attackers stealing 7,000 BTC worth approximately $40 million in a single transaction.

The hackers used a combination of phishing, viruses, and other techniques to bypass security. Binance covered all losses from its emergency insurance fund (SAFU), and no users lost funds.