Hackers cash in on Binance security flaws

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Hackers cash in on Binance security flaws

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In the wake of the Binance security breach, it has now been revealed that hackers own more Bitcoin than the Bitcoin founder himself. Earlier on in May, the cryptocurrency’s exchange came under attack from hackers, who used viruses and phishing techniques to syphon off 7,000 Bitcoins, equating to $40 million. The centralised cryptocurrency system has been subject to many attacks since 2011, so much so that it is estimated that hackers now own more Bitcoins than Satoshi Nakamoto.