Crypto Short News

Binance To Provide VIP Status For Hacked Accounts

Binance, a cryptocurrency exchange, encountered a KYC Leak in August 2019 which had affected around 60000 accounts. Security and investigation team has announced on 23rd August 2019 that hacked accounts will be provided VIP status i.e. preferential trading fees, support, and more services. 

The company has asked affected users to apply for new identification (KYC) documents in their respective regions. Binance exchange claims that the data is being leaked from a third party database. The exact source of the data leak is still being investigated. We will keep you posted about the investigation.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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