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SignalPlus: The network attack originated from a third-party Telegram account being hacked, resulting in a loss of less than $82,000, and full compensation will be provided

The cryptocurrency derivatives trading tool platform SignalPlus announced that it was attacked in the early hours of November 4, originating from a third-party Telegram account that was hacked, affecting a small number of accounts that had not enabled IP whitelisting.The team stated that they quickly identified and controlled the intrusion. As a precautionary measure, they have revoked all associated API keys with their centralized trading platform partners and temporarily suspended terminal services. The official statement indicated that the total loss was less than $82,000, and affected users will receive full compensation. They expect to fully restore services in the coming days, with subsequent updates and operational guidelines to be released through official channels.This evening, Binance also issued a statement indicating that it has taken precautionary measures regarding the potential security issues reported by the third-party platform SignalPlus, actively revoking all API keys associated with SignalPlus.Binance emphasized that its own system was not affected and that user funds are secure. Binance reminded SignalPlus users to log directly into their Binance accounts to check their positions and open orders, and not to rebind API keys until the issues with SignalPlus are completely resolved. They also advised to always enable IP whitelisting.

first_img Binance: The compensation ratio for stolen assets has increased to 90%, and withdrawals are still planned to resume on Sunday

Binance released a security incident update stating that the company had previously reserved over $6.34 billion of company funds to cover the stolen losses, with the coverage ratio at that time being approximately 80%, which has now increased to 90%. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% coverage, while the remaining related tokens will continue to be purchased through market and over-the-counter channels until the coverage ratio for all tokens reaches 100%. Binance stated that the financial impact of the stolen funds will be borne by the platform, not the users.The replenished funds come from a partial drawdown of the user security asset fund SAFU, a portion of the contract insurance fund, and Binance's company funds. The partial drawdown of SAFU is expected to occur within the next 24 hours. The remaining 10% consists of assets outside the aforementioned ten tokens with lower liquidity, and the time required for purchase may be longer.Binance completed a new reserve proof snapshot on October 31 at 00:00 (UTC) and updated it on the reserve proof page. The complete zero-knowledge proof is expected to take 40 to 50 hours to generate, approximately by November 3 (UTC). Withdrawal services will continue to progress according to the previous schedule, with plans to reopen on Sunday, November 1.Binance introduced that SAFU was established in July 2018 and is held and managed by Nest Clearing and Custody Limited, regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority. The company commits to replenishing the scale of SAFU to approximately $1 billion and clarifies that the partial drawdown of SAFU is for purchasing the remaining 10% of assets. After withdrawing the balance exceeding the stipulated level, the contract insurance fund remains above the coverage level required by the existing risk management framework; if the balance falls below the requirement, Binance will make up the difference with company funds.
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