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Breaking: Binance Officially Denies KYC Leak, Promises Reward on Hacker Blackmailing It with 2018 KYC Data

  • Yuri Molchan
    📰 News

    Binance promises a reward for helping identify a hacker who demands Bitcoin for the KYC photos that were allegedly stolen back in 2018


Breaking: Binance Officially Denies KYC Leak, Promises Reward on Hacker Blackmailing It with 2018 KYC Data

On Wednesday, the Binance team addressed the community in its blog, saying that no actual leak of KYC data has taken place.

However, this event did happen last year, when photos of many Binance users holding their passport or another ID were stolen by hackers along with other data and uploaded to the Internet.

However, the Binance security team says that a hacker has contacted them demanding a ransom of 300 Bitcoins in return for 10,000 photos ‘that bear similarity to Binance KYC data’ stolen in 2018.

The hacker also claims he has KYC information from multiple exchanges. When asked to prove the source of the data, the individual demanded 300 BTC and refused to supply irrefutable evidence of their findings. Later, they went to the press under false pretenses, posing as a white hat with good intentions. The relevant law enforcement agencies have been contacted and we will be working closely with them to pursue this person.

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Binance CEO Denies KYC Leak, but Users Don’t Buy It

Binance CEO Denies KYC Leak, but Users Don’t Buy It

Meanwhile, the culprit has already begun spreading the photos around the social media and news outlets.

The Binance team states that these photos look like those that were stolen from Binance in the course of a KYC hack in 2018 and is now offering a reward of 25 BTC. Anyone who will help identify the hacker pestering Binance and spreading a false alarm, as well as damping the reputation of Binance, can get it.

Once the person is identified, the team will work hard to get him arrested.

Cover image via www.123rf.com
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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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📈 Price Predictions
927 views

XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

  • Vera Yurina
    📈 Price Predictions

    Can Ripple touch the $1 level this year? Check out interesting opinions and XRP price predictions from Twitter users


XRP Price On The Verge Of Breakout? Twitter Users Expect XRP Hit $1 This Year

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Failing to sustain high price level, XRP is keeping around $0.30. It might seem that Ripple’s XRP stands still all the time, but Twitter users have the opposite opinion. They are sure that big changes are coming, and XRP is simply accumulating power for the price to explode. Can Ripple go to the moon in 2019? What will drive its overwhelming growth? Check out XRP price predictions from Twitter users. 

The history repeats

According to the long-term price charts, Ripple might be repeating its history, and the scenario of 2019 can actualize this year, too:

If XRP breaks out of the current resistance zones, its growth would exceed $1 easily. Some traders are sure it has enough potential to touch the $5 level, too.

Are there any certain triggers of XRP growth? There’s a bunch of theories. One of them claims that Ripple will burn its immense reserves of XRP for its price to rocket:

Although the petition is started, Ripple Labs itself does not plan to burn its tokens – it might have too serious outcomes. 

Card

 Here is the golden section pattern that proves XRP might soar:

However, it’s simply an amateur approach: what works with fiats might not work with altcoins at all. 

Better make mid- and short-term predictions based on traditional technicals, such as Fib levels:

XRP won’t grow overnight 

The short-term XRP price predictions are positive:

But simple moves to $0.4-0.5 won’t make any serious difference. As for higher XRP levels, there is no 100% confidence that we can reach them in 2019.

Don’t rush to the conclusions

All in all, time will show whether Ripple is able of groundbreaking moves. Right now, there are no signs of Ripple going to the ceiling. As one Twitter user ironically noticed, Ripple will discuss how liquidity has changed before they know the numbers:

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The XRP conspiracy theory

This post simply could not stay unnoticed:

What we are witnessing now is how Ripple Labs manipulates its XRP stocks and buys/sells XRP in large amounts to shift the value of the coin. Will their efforts turn out to be fruitful? 

For some reason, XRP gets more attractive for other blockchains’ representatives:

Seems like they know something usual traders aren’t aware of. Does it mean Ripple is preparing for a major breakout? Everything is possible.

Meanwhile, Ripple’s bottom levels keep growing from year to year:

Thus, Ripple Labs keeps actualizing its plans, even though slowly. So even if it’s a non-profitable variant for shorts, it must be a great choice for long-term investors. Patience is the key. 

Cover image via 123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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