Crypto warnings after $40m Binance hack rocks resurgent Bitcoin

clock • 3 min read

The UK financial services regulatory body and industry specialists have joined forces to warn investors about the perils of online investments into cryptocurrencies, such as Bitcoin. The warnings follow last week's news that cryptocurrency exchange Binance suffered what it termed a "large scale security breach" last week with hackers transferring 7,000 Bitcoin valued at about $40m in one transaction from the company's hot wallet.  Binance is of the world's best cryptocurrency exchanges having recently moved to Malta after first starting up in Hong Kong.  In the UK, morenthan £27m i...

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