What happened with Binance.com yesterday?

Crypto in China
2 min readJul 5, 2018

Yesterday morning, there was a news that Binance lost hundred thousand BTC for attacks from the hackers. And it is said the hackers used the same way as happened in March.

But He Yi, the co-founder of Binance refused this and claimed that this news was just for shifting the public attention from the “Recording Scandal of Li Xiaolai”.

With the information provided by someone inside, what we can confirmed is that users’API of Binance were controlled by hackers then, and 7019 BTC were transferred to one account and then SYS token price boomed to incredible high price; at the same time, hackers were selling SYS in other exchanges and made lot of money.

In 2 mins, 7019 BTCs were transferred from wallet of Binance to one BTC address.
SYS highest price in 24 hrs is 96 BTC.

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