Recent reports indicate a security breach on Binance, where hackers exploited the platform’s red envelope feature to steal cryptocurrency from unsuspecting users. The incident highlights the vulnerability of online platforms and emphasizes the importance of personal data protection. 🔒 Binance has issued a hacker alert, revealing how hackers stole users’ funds through this feature. 💰 🕵️♂️ The attack targeted individuals who were unaware their accounts had been compromised due to malicious software. Hackers bypassed Binance’s multi-step verification process, which typically includes PIN, biometrics, authentication apps, and email confirmation, by stealing the users’ sensitive information such as emails, Google Authenticator codes, and Binance account details. 📧 🔐 The victims were unaware of the hack until they noticed their funds were missing. Binance’s co-founder, He Yi, on Twitter confirmed the breach, stating that user data, including email credentials, Google Authenticator codes, and Binance account information were compromised. The company clarified that hackers simulated trusted devices and IP environments, successfully circumventing Binance’s security checks during the red envelope transactions. 💻 🌐 Binance advises users to report the incident to law enforcement immediately and take action to protect their assets if they’re affected. In a move to further safeguard users’ data, Binance issued a second hacker alert urging them to stay vigilant and prioritize account safety. The company stresses the need for secure devices and awareness of potential security risks while actively working with affected users to identify the root cause and mitigate future occurrences. 🛡️ Beyond Binance, Bybit, another cryptocurrency exchange, recently suffered a major hacking incident causing a $1.4 billion Ether loss, similar tactics employed by hackers in this case. The Binance alert underscores the critical need for robust security measures and personal vigilance when engaging with online platforms, especially during transactions involving cryptocurrencies like Ethereum (ETH) & other digital assets. 📈 Stay informed! Always prioritize safety and protect your funds.