Trader blames ‘slow’ Binance after losing millions to fake Google plugin
A Chinese trader claims that Binance ignored “extremely abnormal transactions” and failed to freeze funds belonging to an “obvious hacker,” leading to them losing their $1 million life savings via a promotional Google plugin. The trader, who goes by the name ‘CryptoNakamao’ on social media, reportedly used the Aggr plugin to access trading data. However, it actually allowed hackers to find a way around password and two-factor authentication (2FA) protection to gain access to their Binance account. Once into their account, CryptoNakamao explains that the Hack er bought several tokens in the Tether trading pair — which had abundant liquidity – and placed sell orders in Bitcoin, USD Coin, and other trading pairs — which had scarce liquidity. Then, despite not being able to withdraw funds directly , the Hack er was able to open leveraged positions, buy a large amount in excess, and complete their cross-trading. The trader says they noticed their account trading randomly on ...