Crooks used the API keys to automate transactions that sold Bitcoin held in compromised Binance accounts and automatically
bought Viacoin from 31 other Binance accounts that hackers created beforehand, and where they deposited Viacoin, ready to be bought.
Not exact matches
The incident the company is referring to happened late yesterday afternoon (Mar 7, UTC 14:58 - 14:59), when thousands of user accounts started selling their Bitcoin and
buying an altcoin named
Viacoin (VIA).
Consequently, as one trader explained, the hacker likely used
Viacoin buy and sell orders to launder the funds to his or her personal account.
The incident the company is referring to happened late yesterday afternoon (Mar 7, UTC 14:58 - 14:59), when thousands of user accounts started selling their Bitcoin and
buying an altcoin named
Viacoin (VIA).
Viacoin surged more than 100 percent as some users of the Binance exchange reported that all their holdings on the exchange have been liquidated and used to
buy the altcoin.