Binance founder Changpeng Zhao has rejected claims that hackers stole 335 million user records from the exchange. He called an alleged $900,000 data sale a scam after an advertisement attributed to hacking group ShinyHunters appeared on an underground forum.
In a November 9 post on X, Zhao questioned why hackers with access to private keys would sell user information instead of stealing cryptocurrency. He also criticized media outlets for reporting the claims without verification.
Binance Finds Problems With the Alleged Data
Binance said it found no evidence of a system breach and identified several inconsistencies in the advertisement. The exchange noted that it does not store customer passwords in plain text or hold private keys for external wallets.
Related: Former Binance Investigator Accuses Management of Ignoring 2,000 Suspected Iran-Linked Accounts
Security platform ThreatMon said the seller claimed to possess 335.9 million records from about 170 countries. The alleged information included passport details, identity documents, email addresses, passwords and transaction histories.
Researchers Question the Advertisement
Cybersecurity firm Brandefense identified four similar advertisements posted between October 30 and November 2. Their asking prices ranged from $500,000 to $900,000.
The firm also questioned the latest listing, citing recycled information and unverified claims about private keys.
The allegations follow a separate October 29 theft involving Binance’s wallet-signing service. The FBI attributed that attack to North Korean hackers.
Related: Elliptic Tracks North Korea’s Meme Coin Laundering After Binance Hack
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
