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Bitcoin Stolen from Binance Gets Moved Again, Whale Alert Reports

  • Yuri Molchan
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    ⏳📱Nearly $9 mln in BTC stolen from Binance during the recent hack was suddenly noticed as having been moved on Monday👀✔️


Bitcoin Stolen from Binance Gets Moved Again, Whale Alert Reports
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On July 8, Whale Alert published two Twitter posts drawing attention to the move of Bitcoin stolen from Binance in the course of a hack earlier this year. Back then, Binance lost a great amount of BTC to a hacker.

Yesterday, an amount of BTC worth around $9 mln at today’s rate was moved to another address.

The stolen BTC gets moved around

On Monday, Whale Alert, which tracks crypto operations on a regular basis, spread the word that 706 BTC and 1 BTC were transferred to Bitcoin addresses that the analysts investigating the case had not previously noticed.

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The Binance hack

In May this year, around 7,000 BTC were stolen from Binance. Changpeng Zhao urged traders to remain calm and promised to compensate the loss from the SAFU fund set up last year.

After the hacker attack had taken place, the BTC stolen from a hot wallet were sent to seven different addresses in an attempt to cover tracks. Since then, this is the first time the stolen crypto has been moved anywhere further.

After the hack took place, Binance started working on improving its security systems, upgrading its backend, systems of analyzing user behaviour and KYC procedures.

Earlier this year, the New-Zealand-based Cryptopia exchange suffered several successional hacker attacks and was forced to initiate liquidation. 

Previously, U.Today reported that the Bitrue exchange, located in Singapore, also suffered from a security breach and lost a significant amount in XRP and ADA.

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Has #XRPArmy Turned Against Ripple? Not Really

  • Alex Dovbnya
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    XRP’s recent drop below the $0.30 level was a major test for Ripple’s Twitter army, but they won’t abjure their allegiance


Has #XRPArmy Turned Against Ripple? Not Really

Tiffany Hayden, one of the most vocal members of the XRP army, has been suspected of becoming a non-believer after questioning the strength of the Ripple network. 

That conveniently coincided with the XRP price nose-diving below the $0.30 mark due to the continuous market sell-off.

Everyone who keeps tabs on crypto Twitter has hardly seen any negative comments about Ripple posted by Hayden. However, she recently assumed that the network wouldn’t last much longer if Ripple shuttered that night.

There were legitimate reasons to believe that this might be the case given the painful experience of Stellar, which is considered to be Ripple’s direct competitor.

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However, despite these concerns, Hayden made it absolutely clear she hasn’t lost her faith in XRP, claiming that she would rather sell a kidney than her bags of Ripple’s native token.  

She later clarified that the kidney wouldn’t be her own (hopefully, she was joking).

Notably, Ripple’s XRP turned out to be one of the best-performing currencies during the recent sell-off, clinging onto the $0.30 price tag. 

XRP records a modest drop
Image by CoinMarketCap

Still, its underwhelming overall performance in 2019 made many XRP investors reconsider their loyalty.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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