Cryptocurrency exchange Binance announced that it would pay a reward of $250 000 for assistance in the capture of attackers who tried to hack the stock exchange on Wednesday, March 7. In addition, according to a statement released by the developers, the exchange has established a reserve in the amount of $10 million for the payment of rewards for providing information about hackers and the impending attacks.
We will remind, last week the attackers “pumped up” the price a little-known ViaCoin that compromised the accounts of some users, and then tried to sell oldoini at the maximum price, hoping to quickly withdraw money. To do this, the attackers failed and was stopped in time, and the fraudulent transaction reversed. Representatives noted that, despite the favorable outcome of the case, just to parry — not enough. Calling an unsuccessful hacking attempt “large-scale and well-organized”, the developers Binance declare their intention to bring the hackers to justice, hoping to help the public.
“In order to ensure the safe cryptoprocessor, we can’t just play defense. We need to actively prevent any hacker attacks before they happen, as well as to bring the case to the end, faced with the fact,” — said representatives of the exchange.
According to the statement, Binance will pay a fee equivalent to $250 000, “anyone who will give information that will lead to the lawful arrest of the hackers who try hacking the exchange Binance March 7, 2018”.
It is noted that the remuneration will be paid to the first person who will give “material information”, or divided at the discretion of the representatives of the exchange in case of receiving data from multiple persons. this amount will be paid in their own tokens of exchange at the exchange rate of BNB valid at the time of transfer.
However, many experts say that even if the identity of the hackers will be revealed, likely to attract them to criminal liability are negligible. From the point of view of the authorities, such cases require compelling evidence of a crime. Despite the fact that the incident was undoubtedly illegal, the lack of actual damages, the prosecution questioned.
It should take into account the fact that the exchange does not require full compliance with the provisions of the system “know your customer” (KYC), which means that all information that Binance can count on is e-mail and the IP of the attackers. Thus, compensation in the amount of $250 000 may rather serve as a warning to hackers that this behavior will not go unpunished.
It is also reported that Binance has allocated an amount of scriptactive equivalent to $10 million, to reward users, help identify the attackers in the case of new attempts of breaking of exchange in the future.
“We also invite other exchanges and representatives of tryptamines to join our initiative. We always welcome their participation,” — said in the blog exchange.
Recall that Japanese exchange Coincheck also affected by a hacker attack last week declared the beginning of compensation payments to the users.