Binance CEO ‘CZ’ Reports $40 Million Bitcoin Hack

Cryptocurrency exchange Binance has reported what appears to be its largest hack to date.

In a post on the exchange’s site, Binance’s CEO Changpeng Zhao said a single account was affected, leading to the lost of 7,000 bitcoin, valued about $40 million at the current price of $5,815.

The hack comes at an inopportune time for the exchange, which is preparing for the public launch of a fully decentralized version of its services.

Read more on Forbes.com

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