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cryptofreak

Binance hack today - buying overpriced SYS

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Today hackers got someone's Binance API keys and used his BTC to buy overpriced SYS (Syscoin). They manipulated the price of SYS to be worth 96 BTC,

first:

DhNSs3QWAAIxIVl.jpg:large

 

and then:

DhNXd5kX4AUkC1N.jpg:large

 

They sold 11 SYS for 1056 BTC:

DhNijdgW0AIFLF2.jpg:large

 

Be careful with your API keys guys!

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As of this moment it's unclear if hackers got that money out, but I'm sure Binance will do what's necessary to help solve this issue.

They did meanwhile security update on API Key Reset and re-enabled API Key Creation.

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They probably have multiple accounts/bots which are pushing price up. I was able to find a video showing 1 minute price jumps for SYSBTC on Binance:

 

 

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