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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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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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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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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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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 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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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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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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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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Hamas victims sue Binance over alleged ‘assistance’ to terrorists – Cointelegraph

Crypto exchange Binance, its former CEO Changpeng Zhao, along with the governments of Iran and Syria, have been named as defendants in a lawsuit filed by three families of victims affected by the Oct. 7 Hamas attack on Israel.

The plaintiffs, who include former hostages, family members of those affected and the estate of a doctor killed while treating casualties, are seeking damages under the United States Anti-Terrorism Act, claiming the defendants provided substantial assistance to terrorists.

The complaint was filed in New York Southern District Court on Jan. 31, stating:

The plaintiffs allege that Binance aided and abetted designated foreign terrorist organizations, providing material support to terrorists, providing material support to foreign terrorist organizations. They are seeking compensatory and punitive damages and reimbursement of costs.

The defendants also referred to Binances settlement with the United States Department of Justice in November, which included Anti-Money Laundering violations, stating:

Binance agreed to pay a $4.3 billion fine and submit to extensive monitoring by U.S. government agencies in the settlement. Following the Oct. 7 attack on Israel, the cryptocurrency exchange froze accounts associated with Hamas within days at the request of Israeli law enforcement.

Related: US, UK and Australia step up sanctions on Hamas-linked crypto facilitators

The government of Iran, meanwhile, has been accused of being a leading global sponsor of Hamas and international terrorism, including providing hundreds of millions of dollars in support to the group including military training, equipment, and expertise.

Syria has also been accused with similar allegations, and also include accusations it supplied Hamas a drug known as Captagon, "the sale of which is believed to be a financial source for terrorist groups and was used by Hamas terrorists to promote feelings of rage, irritability, and impatience" which encouraged them to "murder and torture" victims of the Oct. 7 terrorist attacks.

Calls for action on terrorism financing were heard in the U.S. Congress from both parties, with Binance being specifically named in some of them.

Cointelegraph reached out to Binancebut did not receive an immediate response.

Magazine: Terrorism and Israel-Gaza war weaponized to destroy crypto

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Hacker Reportedly Breaches Law Enforcement Systems of Binance & Coinbase – Cryptonews

Last updated: February 5, 2024 03:23 EST | 1 min read

Recent cybersecurity breaches have targeted the law enforcement request systems of prominent tech giants including Google, Meta, and TikTok, and major crypto exchanges like Binance and Coinbase.

According to a report by InfoStealers, a notable rise in cybersecurity threats has led to hackers infiltrating the law enforcement request systems of leading tech and crypto companies. The perpetrator, known by the alias Tamagami, has reportedly accessed these systems for user data.

The hacker published ads to profit from their illegal access to user data on the cybercrime forum BreachForum, a platform that emerged as a replacement for RaidForums after it was closed and seized in 2022.

Hello BreachForums, Im selling a Facebook / Instagram (Meta) Law Enforcement Request System account. You can EDR any Facebook / Instagram / Oculus account and get your data within 8 hours, said the hacker.

Tamagami listed two options to monetize the account by offering one-time requests priced at $500 and complete access to the account at a price to be negotiated.

The hacker also published ads claiming that they have acquired access to Kodex Global, a law enforcement system that can request information from Binance, Coinbase, as well as LinkedIn, Discord, Tinder, and Chainlink. The access to Kodex was priced at $300 per request and $5,000 for the account.

Previously, Hudson Rock determined that cybercriminals frequently infiltrate law enforcement systems by leveraging credentials compromised through Infostealer malware infections, which usually belonged to officials who have inadvertently allowed their computers to be breached.

Hudson Rock suggested that the hacker probably accessed the systems using a set of compromised credentials. This assertion is supported by the threat actors history of posts on a cybercrime forum, highlighting their skill in exploiting a service purported to be legal, known as IntelX.

In December 2023, a similar incident occurred when a hacker named Miembro published a post on BreachForum to sell Binances Law Enforcement Request Panel for $10,000 Bitcoin.

Miembro revealed that the portal usually processes requests in a timeframe of three to seven days, providing users with the ability to make unlimited requests.

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