Binance Rejects Claims of Massive User Data Theft

Binance has pushed back against accusations from ShinyHunters, who claimed to be selling records of 335 million users for $900,000. The exchange said checked samples did not match its systems and called the listing a likely scam.

The company noted it does not store user passwords in plain text and never keeps private keys for external client wallets. It also pointed out that the dataset included countries where Binance no longer operates.

Similar past offers turned out to be data harvested by malware on users’ devices rather than from the platform itself. The investigation is ongoing with no evidence of an actual breach so far.

Based on information from cryptonews.net