CandleFocus Did Binance get hacked? Exchange denies breach
2024-10-02
Author: Content Editor
The authenticity of a potential data breach affecting 13 million Binance traders is under debate, with the cryptocurrency exchange denying the breach. A user named 'FireBear' on a dark web forum claims to possess the personal information of the traders and is reportedly willing to sell it. Binance has dismissed the claims, but experts advise users to remain vigilant. In other news, the US Securities and Exchange Commission (SEC) settled charges against TrueCoin LLC, the issuer of TrueUSD, a $500 million stablecoin listed on over 100 exchanges. The SEC alleged that TrueUSD was falsely claimed to be fully backed by US dollars in reserve. The punishment for the fraudulent claim is a $700,000 fine, but the SEC touts it as a victory.
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