Crypto Bits
3 months ago

Major Binance Updates Concerning Many Users

George Georgiev Feb 5, 2024 12:19
Binance made a few important clarification while also announcing a new listing.

The world’s largest cryptocurrency exchange by means of users and trading volume – Binance – has been involved in some controversy throughout the past few days.

A number of reports on the social media platform X alleged that KYC information of users registered on the exchange had been put up for sale on the dark web, essentially pointing to a potential exploit of the exchange.

Answering one of the tweets, the official account of the Customer Support department of Binance reassured that users are safe:

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 remain 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.

Elsewhere, the exchange also announced extended support for the altcoin RONIN.

Binance will be listing RONIN and open trading for the following spot trading pairs later today:

  • RONIN/BTC
  • RONIN/USDT
  • RONIN/FDUSD
  • RONIN/TRY

Users are already allowed to deposit, whereas withdrawals will open tomorrow at 13:30 UTC.

Interestingly enough, RONIN’s price plunged by some 9% today following the announcement.

Share This Article
George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

Tags: Binance