On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!