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Binance CEO retaliates to the data breach allegations, calls out media for “irresponsible journalism”

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Binance CEO retaliates to the data breach allegations, calls out CCN for “irresponsible journalism”
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Allegations of KYC data breach flashed all over the internet when CCN first reported having received pictures of the leaked data containing personal credentials of users. Following the suit were other news outlets who reported the same without verifying the source.

Binance CEO, Changpeng Zao, on his tweet, condemned the news portal and called them out for publishing a piece of news without proper verification. He further stated that the original post did not even mention the name of any top cryptocurrency exchanges.

The post originated on the discussion platform – Reddit around six months ago. The post, however, went unnoticed without any upvotes and shares prior to the news portal breaking the news.

Prior to the tweet from the crypto honcho, the global PR manager of the top exchange, Leah Li on a statement said that the pictures released by the news portal have been assessed by a team of experts and had found no such data leak on its platform. Additionally, an independent expert crew also probed into the matter and concluded that the pictures could be from fraudulent sites that pose as a legitimate platform to the users. Also called phishing sites, these platforms steal user’s confidential data masquerading as genuine sites offering the users to open an account with major crypto exchanges like Binance, Bittrex, etc.



According to the report, CCN had received screenshots which appeared legitimate. The three-piece sample was sent by an anonymous user who claimed to be an expert. It had the screenshots of a hacker named ExploitDOT who posted the data on the dark web ‘Dread’ claiming to have KYC credentials held by the top crypto exchanges and attempted to sell off the data at a rate of $10 per 100 document and also provided discounts for bulk.

According to another online news portal – decryptmedia, the hacker in question claimed to have been involved with an online drug market prior to this and allegedly offered to sell a darknet market for an unusually low price of $5000.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

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Coinbase is a huge net positive for not just cryptocurrencies, but for the world, says Bitcoin Cash proponent Roger Ver

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'Coinbase is a huge net positive for not just cryptocurrencies, but for the world', says Bitcoin Cash proponent Roger Ver
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Roger Ver, a well-known Bitcoin Cash influencer and CEO of Bitcoin.com, spoke about the controversy surrounding #DeleteCoinbase campaign, where he stood by the exchange. He also explained the reason behind why he does not consider BTC to be Bitcoin, in an interview with BreakerMag.

Coinbase, a leading cryptocurrency exchange platform, recently made an uproar in the cryptocurrency market over acquiring Neutrino, a blockchain analytics firm. This acquisition resulted in the majority of the cryptocurrency space joining the #DeleteCoinbase movement as the Neutrino team was previously associated with Hacking Team. More so, it was further revealed that the acquisition took place because Coinbase’s providers were selling its data to outside sources.

However, while the majority of the space was chanting #DeleteCoinbase, Roger Ver, on the contrary, spoke in favor of the exchange. On his official social media handle, Ver had stated that the exchange has made a lot of contribution towards driving the adoption of the cryptocurrency space and that space should “be grateful despite a few poor decisions along the way”, adding “Don’t #DeleteCoinbase”.

In the interview, Ver was asked whether Neutrino’s association with Hacking Team did not bother him, and the reason behing why he chose to stay beside the exchange. To this, Ver stated that he was “incredibly troubled” with the association, adding that this was a “really stupid mistake”. He went on to state,



“But people make mistakes sometimes, and I don’t think that it was an intentionally bad mistake on Coinbase’s part. Once they saw the error of their ways, they fixed that. And Coinbase has onboarded millions and millions of people to cryptocurrency. I think Coinbase is a huge net positive for not just cryptocurrencies, but for the world.”

This was followed by Ver speaking about the reason behind his belief that BTC is not Bitcoin. Ver has been previously criticized because of the same topic, so much so that there were people who were considering taking legal action against him. This was because of propagation that Bitcoin Cash [BCH] was the real Bitcoin.

On this, Ver stated there were several people who have called him a “scammer” because of this, adding that there were barely any who was up for an argument, instead of name-calling. He also stated that there was a possibility of him believing that BTC was indeed the real Bitcoin, but stated that there weren’t “any arguments that are compelling at this point”. He said,

“I came to those conclusions based on the logic and reason and evidence and arguments that favored those positions. And if someone wants to try and convince me that BTC is bitcoin, even though it’s not a peer-to-peer electronic cash system, I will listen to those arguments and evaluate them based on their merits.”





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