While news of security breaches in the crypto market continues to surface, an interesting development occurred. Crypto exchange Binance denied a report claiming that a highly sensitive internal password and code cache had been exposed on GitHub for months. The team stated that the code was old and posed a negligible risk.
Noteworthy Allegation Against Binance
404 Media‘s report dated January 31 claimed that there was a cache containing code, infrastructure diagrams, internal passwords, and other technical information, including details on how the exchange implemented passwords and multi-factor authentication. The report mentioned that Binance successfully petitioned GitHub on January 24 to remove the files with a copyright takedown request, stating that the information posed a significant risk and was published without authorization.
However, a Binance spokesperson stated in response to the issue that the individual shared very old information on GitHub and that their security teams confirmed that the cache did not resemble what they currently have in production. Binance added that the information posed a negligible risk to their users, user assets, or the platform’s security. It was claimed that the information was too old to be used by any third party or malicious actor.
Prompt Response to the Allegations
Binance stated that it aims to protect its past or current intellectual property and to mitigate any unnecessary confusion or unwarranted fears arising from the publication of private data, hence they issued a takedown request with GitHub and initiated legal proceedings against the user.
Furthermore, Binance’s request to GitHub repeatedly claimed that the information was of significant risk to Binance, causing serious financial harm and confusion or harm to customers with internal code.
Recently, especially in the blockchain field, security breaches have led to users losing their assets. This situation is causing fear and concern among investors towards the crypto market. Due to these losses of rights, country governments continue to take significant steps.