Binance Faces Controversy Over Alleged KYC Data Leak
The world’s largest cryptocurrency exchange, Binance, has recently been embroiled in a controversy surrounding the alleged sale of users’ KYC information on the dark web. Reports on social media platforms raised concerns about a potential exploit of the exchange’s security.
According to Twitter user otteroooo, Binance users’ KYC data is being sold on the dark web.
Source: Twitter
In response to these allegations, Binance’s Customer Support department assured users that their accounts are safe and that there has been no leak from their systems. The exchange emphasized the various security measures in place, such as MFA, biometrics, and authenticators.
Binance Extends Support for RONIN
Aside from the controversy, Binance also made an announcement regarding extended support for the altcoin RONIN. The exchange will list RONIN and open spot trading pairs for RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY.
Deposits for RONIN are already allowed, with withdrawals set to open tomorrow at 13:30 UTC. However, following the announcement, RONIN’s price experienced a 9% drop.
Hot Take: Binance Addresses Concerns and Expands Altcoin Support
Binance has responded to reports of a potential KYC data leak by reassuring its users of their account safety. The exchange maintains that there has been no leak from their systems and highlights the robust security measures in place to protect users.
Meanwhile, Binance continues to expand its altcoin support, with the listing of RONIN and the introduction of multiple spot trading pairs. However, the announcement was accompanied by a drop in RONIN’s price, indicating possible market volatility.
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