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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

More on Fintech