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Binance: Will apply for a reward as a reward for a user who reported losing $1 million due to a malicious plugin

Binance: Will apply for a reward as a reward for a user who reported losing $1 million due to a malicious plugin

CointimeCointime2024/06/05 00:41
By:Cointime

Twitter user @CryptoNakamao suffered a loss of $1 million due to malicious plugins hijacking their webpage cookies. They have issued a correction and clarification stating that Binance was not aware of this plugin beforehand and that KOL was not a Binance insider.

Binance responded by expressing regret for the user's experience and thanked them for helping to clarify the misunderstanding in a previous tweet about Binance. Previously, Binance had set up a reward mechanism through the "Vulnerability Bounty Program" to encourage community members to report potential vulnerabilities, increase awareness of potential threats, and help Binance detect problems earlier. The user's experience serves as a reminder and helps Binance see room for better optimization and upgrades, so they will apply for a reward as a gesture of gratitude.

Binance's risk control and security team will continue to investigate such incidents, and they have added big data alarm and manual double confirmation for sudden price fluctuations, as well as increased user reminders. Binance will continue to invest in practical actions to protect user asset security.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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