Bitcoin worth $41 million stolen from Binance cryptocurrency exchange
Updated : May 08, 2019 11:26 AM IST
7,000 bitcoin were withdrawn by hackers using a variety of techniques, 'including phishing, viruses and other attacks', according to a post on Binance's website.
Binance said user funds would not be affected because the company would use its secure asset fund for users to cover the loss.
Bitcoin's price dropped by as much as 4.2 percent in early Asian trading as news of the hack broke, although it later recovered some of its losses.
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