Binance cryptocurrency exchange loses $40 million in hack

The funds are decidedlynotsafe. 

Cryptocurrency exchange Binance announced a “large scale security breach” Tuesday afternoon, warning customers that unnamed hackers had managed to successfully steal 7,000 bitcoin. At current prices, this equals approximately $40 million. 

But wait, it gets worse. 

“Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info,” Binance founder and CEO Changpeng Zhao (who goes by CZ) wrote in a press release. “The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used.”

While this sounds bad, and it definitely is, the loss of 7,000 bitcoin is just one of many potential problems affecting the exchange and its customers. 

“There may also be additional affected accounts that have not been identified yet,” CZ helpfully warns.