Major crypto exchange hack nets $40 million and could get so much worse

The funds are decidedly not safe. 

Cryptocurrency exchange Binance announced a "large scale security breach" Tuesday afternoon, warning customers that unnamed hackers had managed to successfully steal 7,000 bitcoin. At current prices, this equals approximately $40 million. 

But wait, it gets worse. 

"Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info," Binance founder and CEO Changpeng Zhao (who goes by CZ) wrote in a press release. "The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used." Read more...