Binance has decided to delist five altcoins, which includes OMG and Anchor, in a new announcement dated December 6th. According to the announcement, margin and cross margin transactions are closed.
Binance has decided to delist these 5 altcoins
The world’s largest exchange by trading volume, as of December 13, removes the following trading pairs from its list.
- Cross margin pairs: ANC/BUSD, ANC/USDT, OMG/BTC, OMG/USDT
- Isolated margin pairs: ACA/BUSD, ACA/USDT, ANC/BUSD, ANC/USDT, OMG/BTC, OMG/BUSD, OMG/USDT, VGX/USDT, YFII/BTC, YFII/USDT
As of December 8, Binance is discontinuing borrowing on Cross Margin and/or Isolated Margin on the following pairs:
- ACA/BUSD, ACA/USDT, ANC/BUSD, ANC/USDT, OMG/BTC, OMG/BUSD, OMG/USDT, VGX/USDT, YFII/BTC and YFII/USDT
By December 13, users are required to close positions on these pairs. Transactions that remain open will be closed automatically.
Binance investigates hack that affected a number of cryptocurrencies
The exchange is also busy investigating a hack that affected a number of cryptocurrencies on Friday. A private key used to encrypt or decrypt data has been hacked, CEO CZ said. “The initial analysis was that the developer private key was hacked and the hacker updated the smart contract with a more malicious one,” Zhao said on Twitter. He also knew that Ankr and Hay were affected:
Possible attacks in Ankr and Hay. The initial analysis is that the developer private key was hacked and the hacker updated the smart contract with a more malicious one. Binance stopped withdrawals a few hours ago. It also froze about $3 million that hackers transferred to our CEX.
Possible hacks on Ankr and Hay. Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one. Binance paused withdrawals a few hrs ago. Also froze about $3m that hackers move to our CEX.
— CZ 🔶 Binance (@cz_binance) December 2, 2022
Binance briefly stopped withdrawals on December 2. According to Binance, the attack took place via Ankr’s loyalty token aBNBc. Hay isie is a stablecoin, a type of cryptocurrency pegged to another asset. Meanwhile, author Matt Hussey said, “A hacker managed to exploit the vulnerability in the aBNBc code.” He also said that he minted 6 quadrillion tokens that were converted to BNB Coin and transferred via Tornado Cash. cryptocoin.comWe have included the details in this article.
