At present, the whole crypto space is supporting and praising Changpeng Zhao – founder and CEO of the world’s largest cryptocurrency exchange, Binance on how elegantly he handled the situation.
Let’s look at the big picture right from the scratch!!
Recently, the whole crypto world was in shock on hearing the major hack on binanace. According to the twitter reports, on Tuesday, Binance a Malta-registered Bitcoin & crypto exchange, which is one of the largest and most respected in the market, was attacked by a “large scale security breach”. The platform lost around 7,000 BTC, which is worth around $42 million presently.
According to various reports the “hackers” were able to get a large number of user API keys, two-factor…