Bitcoins worth $40 million stolen from Binance Exchange

Hong Kong: Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoin via a single transaction in a “large scale security breach,” the latest in a long line of thefts in the digital currency space.

The hackers used a “variety of techniques” including phishing and viruses to obtain a large amount of user data, Binance said in a post on its website. There may be additional accounts that have been affected but not yet identified, Binance said.

The transaction was limited to Binance’s BTC hot wallet, which contains about 2 percent of the company’s Bitcoin holdings, according to the post. Other wallets are secure and unharmed, the exchange said.