Crypto exchange Binance says it’s revamping security in post-hack update
In a blog post, Binance CEO Changpeng 'CZ' Zhao says the exchange is updating its API, two-factor authentication, and withdrawal validations in light of the recent 7,000 Bitcoin ($BTC) hacking. Specifically, Binance is working on its risk management system and know your customer rules to fight phishing attacks. The extra is planning to open withdrawals and deposits early next week.
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