Binance Users Report Unauthorized Transactions Linked to Viacoin Pump

Several traders at popular cryptocurrency exchange Binance are reporting that the platform executed unauthorized orders through their accounts, triggering a 400 percent pump for lesser-known altcoin Viacoin. On Wednesday, Binance users began flooding the exchange’s Reddit page with reports that their accounts had executed unauthorized buy and sell orders. Most of the affected users said that they had checked their login history for evidence of unauthorized access but said there was no suspicious activity, and several added that they have two-factor authentication (2FA) activated as an extra security measure. Even so, the incident appeared to affect a limited number of users, and Binance later announced a temporary freeze on withdrawals, claiming that all of the victims it has identified had registered API keys — which are commonly used in trading bots.


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