Binance allocated $10 million as an award for catching hackers

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2018-03-12
Binance allocated $10 million as an award for catching hackers

The Binance cryptocurrency exchange appointed an award of $250 000 for information which can lead to detention of the hackers who made an unsuccessful attempt of breaking into the platform on March 7. Besides, the company allocated $10 more for awards for the help in prevention of similar incidents.

“To ensure safety of cryptocommunity, we can’t play only from defense. We have to actively prevent all attempts of breaking before they are made and to react later. In spite of the fact that the attack to Binance wasn’t crowned with success, it was obvious that it was the large-scale and an in advance planned operation.”

— said in the statement.

Moreover, for “important information” which will lead to arrest of hackers, $250 000 in Binance Coin coins will be given. In case data are obtained from several sources, the exchange reserves the right to divide an award between them into the discretion.

“Binance has allocated an equivalent of $10 million in cryptocurrency for awards for the help in fights against future illegal hacker attacks now. Besides, we urge other exchanges and cryptocurrency companies to join our initiative.”

— representatives of the platform noted.

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,184.00
  • ethereumEthereum$168.94
  • rippleXRP$0.336884
  • tetherTether$1.00
  • eosEOS$5.59
  • stellarStellar$0.117909
  • litecoinLitecoin$81.23
  • cardanoCardano$0.084929
  • tronTRON$0.027383
  • moneroMonero$67.31
  • iotaIOTA$0.327611
  • nemNEM$0.068325
  • dashDash$125.03
  • neoNEO$11.47
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