News Report Technology
December 19, 2023

Hacker Sells Access to Binance’s Law Enforcement Request Panel for $10,000

In Brief

A hacker is selling open access to Binance’s law enforcement request panel, and offering account data for $10,000.

 

A Bad Actor Offers Access to Binance Law Enforcement Request Panel for $10,000

A hacker is offering access to Binance’s law enforcement request panel, allowing an access to account data, for $10,000 in Bitcoin or Monero.

Binance’s law enforcement panel is provided by the third-party service provider Kodex. It is used by online financial institutions or social media platforms to validate law enforcement requests, verify credentials, and facilitate access.

According to reports, three computers owned by law enforcement officers in Taiwan, Uganda and the Philippines were compromised during a global malware campaign in 2023.

This compromise resulted in the theft of credentials stored in browsers and unauthorized entry into Binance‘s login panel.

Hacker Attacks are Growing in Crypto Industry 

Instances of such attacks are growing more prevalent, and it does not necessarily indicate a compromise of Binance itself. Rather, the vulnerability lies in the overall network security of law enforcement organizations globally.

The susceptibility of EDRs (Email Distribution Requests) to manipulation by hackers, attributed to insufficient verification mechanisms and the extensive array of police jurisdictions, underscores the pressing necessity for a more secure and dependable process to manage these requests and mitigate the associated risks of fraudulent activities.

In a recent development, a French court acquitted two individuals accused in the Platypus stablecoin attack on the Avalanche network, where an alleged unauthorized withdrawal of $8.5 million occurred.

Stablecoin project Platypus USP, experienced a substantial loss as a result of a flash loan attack, leading to the withdrawal of approximately $8.5 million from one of its cryptocurrency pools. 

The investigation gained traction after receiving information from the cryptocurrency exchange Binance, aiding investigators in tracing financial movements and apprehending the individuals involved.

In the face of escalating cyber threats, Binance grapples with a hacker attack that  sheds light on broader vulnerabilities within global law enforcement networks and highlights the need for enhanced security measures.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories

Big Bets: The Biggest Gambling Cryptocurrencies of 2024

by Viktoriia Palchik
April 22, 2024
Join Our Newsletter.
Latest News

Big Bets: The Biggest Gambling Cryptocurrencies of 2024

by Viktoriia Palchik
April 22, 2024

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
Markets News Report Technology
Exponential Bitcoin Bull Market Is Yet To Commence, Notes Crypto Analyst Willy Woo
April 22, 2024
Unibot Unveils Three Growth Initiatives, Outlines Plans For Referral System, Token Buyback, And Rewards
Markets News Report Technology
Unibot Unveils Three Growth Initiatives, Outlines Plans For Referral System, Token Buyback, And Rewards
April 22, 2024
Big Bets: The Biggest Gambling Cryptocurrencies of 2024
Digest Gambling Wiki Technology
Big Bets: The Biggest Gambling Cryptocurrencies of 2024
April 22, 2024
Galxe Community Initiates Vote On Proposal For Token Symbol Change And Contract Migration
Markets News Report Technology
Galxe Community Initiates Vote On Proposal For Token Symbol Change And Contract Migration
April 22, 2024