{"id":480663,"date":"2022-08-03T11:14:59","date_gmt":"2022-08-03T08:14:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-kucoin-okx-ceos-flex-security-amid-solana-fud-storm\/"},"modified":"2022-08-03T11:14:59","modified_gmt":"2022-08-03T08:14:59","slug":"binance-kucoin-okx-ceos-flex-security-amid-solana-fud-storm","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-kucoin-okx-ceos-flex-security-amid-solana-fud-storm\/","title":{"rendered":"# Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e6ed13977\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e6ed13977\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/binance-kucoin-okx-ceos-flex-security-amid-solana-fud-storm\/#%E2%80%9D_Binance_KuCoin_OKX_CEOs_flex_security_amid_Solana_FUD_storm_%E2%80%9C\" >&#8221; Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Binance_KuCoin_OKX_CEOs_flex_security_amid_Solana_FUD_storm_%E2%80%9C\"><\/span>&#8221; Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMjY2NWUzM2YtYzliMC00NzY2LTljNGMtMTM0YTFhN2UwNDFmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>With Solana\u00a0hitting the headlines for succumbing to a hack on Wednesday, prominent crypto CEOs \u2014 including Binance\u2019s Changpeng \u201cCZ\u201d Zhao, KuCoin\u2019s Johnny Lyu and OKX\u2019s Jay Hao \u2014 recommended that Solana\u00a0(SOL)\u00a0investors move their holdings over to their own exchanges as an im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te security measure.<\/p>\n<p>Numerous blockchain investigators and crypto investors flagged an alleged widespread private key compromise, allowing the attacker to steal native SOL tokens and Solana-compatible SPL tokens such as USD Coin (USDC) from Phantom and Slope wallets. However, the root cause of the attack remains a mystery as all parties, including Solana and Phantom, denied faults at their ends. Phantom\u2019s official stance on the matter shared with Cointelegraph:<\/p>\n<blockquote><p>\u201cWe are working closely with other teams to get to the bottom of a reported vulnerability in the Solana ecosystem. At this time, the team does not believe this is a Phantom-specific issue.\u201d<\/p><\/blockquote>\n<p>Parallel to the ongoing investigations of the Solana fiasco, CZ warned investors of \u201can active security incident on Solana\u201d that drained funds in SOL and USD Coin (USDC) off over 7000 wallets. His recommendation to unhacked investors was to transfer their assets to a cold wallet or Binance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There is an active security incident on Solana. Many (7000+ and counting) wallets are drained of SOL &amp; USDC. Don&#8217;t know root cause yet. Maybe permissions granted to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s. For remediation, send the funds to a cold wallet or CEX like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@Binance<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nQrBXAgCbf\">https:\/\/t.co\/nQrBXAgCbf<\/a><\/p>\n<p>\u2014 CZ  Binance (@cz_binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1554669764106149892?ref_src=twsrc%5Etfw\">August 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Lyu gave a similar assurance to KuCoin users as he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lyu_johnny\/status\/1554667696784289792\">confirmed<\/a> that all SOL assets were not impacted by the hack; as he said:<\/p>\n<blockquote><p>\u201cWe\u2019re in close contact with the Solana team and have blocked the suspicious addresses as requested.\u201d<\/p><\/blockquote>\n<p>Hao, however, echoed CZ\u2019s recommendation as he advised investors to move their assets to OKX to protect themselves from the hack.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There are reports that a massive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&amp;ref_src=twsrc%5Etfw\">#Solana<\/a> hack has more than 7,500 hot wallets drained.<\/p>\n<p>It might be advisable to move your funds to a hardware wallet, or a trusted exchange like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/OKX?src=hash&amp;ref_src=twsrc%5Etfw\">#OKX<\/a> to protect yourself from this hack.<\/p>\n<p>Stay safe out there.<\/p>\n<p>\u2014 jay_star.okx \u269b\ufe0f OKX CEO (@star_okx) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/star_okx\/status\/1554672512050466822?ref_src=twsrc%5Etfw\">August 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Given the uncertainty behind the hacker\u2019s potential and reach, other crypto exchanges such as Bybit have proactively suspended all deposits and withdrawal of assets on the Solana blockchain. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Hacker drains $1.08M from Audius following passing of malicious proposal<\/em><\/strong><\/p>\n<p>A hack that passed a malicious governance proposal resulted in the transfer of tokens worth $6.1 million, with the hacker making away with $1 million. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hello everyone &#8211; our team is aware of reports of an unauthorized transfer of AUDIO tokens from the community treasury. We are actively investigating and will report back as soon as we know more.<\/p>\n<p>If you&#8217;d like to help our response team, please reach out.<\/p>\n<p>\u2014 Audius  (@AudiusProject) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AudiusProject\/status\/1551000725169180672?ref_src=twsrc%5Etfw\">July 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Speaking to Cointelegraph, Audius co-founder and CEO Roneil Rumburg clarified that no members of the community were involved in the passing of the malicious proposal:<\/p>\n<blockquote><p>\u201cThis was an exploit \u2014 not a proposal proposed or passed through any legitimate means \u2014 it just happened to use the governance system as the entry point for the attack.\u201d<\/p><\/blockquote>\n<p>Blockchain investigator Peckshield later <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/peckshield\/status\/1551053190904238080?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1551053190904238080%7Ctwgr%5Ef6ccc2c86a50f40cb48d197fbb7ee4bc81745998%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fhacker-drains-1-08m-from-audius-following-passing-of-malicious-proposal\">narrowed down<\/a> the fault to Audius\u2019 storage layout inconsistencies.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-kucoin-okx-ceos-flex-security-amid-solana-fud-storm\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm &#8220; With Solana\u00a0hitting the headlines for succumbing to a hack on Wednesday, prominent crypto CEOs \u2014 including Binance\u2019s Changpeng \u201cCZ\u201d Zhao, KuCoin\u2019s Johnny Lyu and OKX\u2019s Jay Hao \u2014 recommended that Solana\u00a0(SOL)\u00a0investors move their holdings over to their own exchanges as an immediate security&#8230;<\/p>\n","protected":false},"author":1,"featured_media":480664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMjY2NWUzM2YtYzliMC00NzY2LTljNGMtMTM0YTFhN2UwNDFmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74882,92498,82350,74879,117,70944],"class_list":["post-480663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-hacks","tag-solana","tag-usd-coin","tag-wallet","tag-business","tag-hackers"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/480663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=480663"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/480663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/480664"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=480663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=480663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=480663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}