In an unfortunate incident, one of the brothers had their balance stolen from the Binance platform in a clever way that many are unaware of. In this article, we explain what happened and show you how to protect yourself.
What happened?
The hacker managed to access the victim's account without knowing the email or password. How? Through a small file called Cookie. This file retains the login session in the browser, and if it falls into the hacker's hands, they can access your account as if you were logged in.
But Binance does not allow withdrawals without a code from email, phone, or the authentication app.
So what did the hacker do?
They accessed the Binance NFT market and bought an NFT for themselves using the victim's balance, and then withdrew the balance from their own account.
The problem is that buying an NFT does not require authentication codes if the amount is below a certain limit.
How do you protect yourself?
Fortunately, there are simple steps that can prevent this type of breach:
1. Open your account on Binance, and go to the NFT section.
2. In the sidebar, choose Account Limit.
3. Click Edit next to the purchase option.
4. Change the minimum purchase limit to only $0.01.
5. Confirm the change using authentication codes.
6. If you have NFT tokens, change the Total Asset Listing Limit option in the same way.
7. As an additional measure, you can activate Set Pay PIN, so purchases cannot be made without an approval code.
(But if you don't use the NFT market, keep it deactivated.)
Important Alert
Avoid using apps, games, or hacked programs or sources that are not trustworthy on the same device where your Binance accounts or any wallet are accessed.
These are easy but very important ways to protect your money from theft.
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