The past few days have been a craze for Binance. A hacker by the name “Bnatov Platon” released KYC photos of Binance customers. The idea customer information might not be safe on the world’s largest exchange was enough to immediately spark the attention of the industry, with major news websites and Twitter influencers swiftly broadcasting the news.
The full story though remains more complicated than it first appeared. First of all the story has its roots in the previous Binance hack where 7000 BTC were stolen. Platon claims that he is not the perpetrator of that hack but he hacked an insider of the hack and has proofs and evidence that can send the hackers to jail.
After a month-long negotiation with Binance, the exchange and the hacker struck a deal that was later aborted. After that, Binance responded with a statement:
“We would like to inform you that an unidentified individual has threatened and harassed us, demanding 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data. We are still investigating this case for legitimacy and relevancy.”
The Talks Between Platon and Binance
This is a small piece of the conversation between Ted Lin, a Binance representative, and hacker Platon. This is the part where negotiations brake down.
Ted Lin, [20.07.19 19:54]
i see you already fed the info you have to the mediaTed Lin, [20.07.19 19:59]
given the damage from your FUD campaign is already done, whatever bounty you were asking for the information would be significantly less. As i said, we don’t react to extortions. But we are willing to get more information relating to perpetrators if you have useful information that can enable us to put bad guys behind bars and recover funds.Platon, [21.07.19 16:53]
as i said i don’t need your moneyPlaton, [21.07.19 16:53]
i am out of deal alreadyPlaton, [21.07.19 16:54]
i am not expecting you to react either.Platon, [21.07.19 16:59]
but i love to see insider’s and those hacker’s reaction when news is published. once again i am not interested in your reaction.Ted Lin, [21.07.19 19:04]
I thought you want to see those hackers caught?Platon, [21.07.19 19:11]
i wanted. but not now.Platon, [21.07.19 19:12]
i rather step away and keep watching.Ted Lin, [21.07.19 19:19]
We are still interested in paying for information that can lead to arrest of hackers, insiders, recovery of funds.Ted Lin, [21.07.19 19:19]
Let us know if you have more info that can achieve those.Ted Lin, [21.07.19 19:20]
We were going through verification of the type of info you have before you decided not to talk.Ted Lin, [21.07.19 19:21]
Let me know if you change your mind and want to continue.Ted Lin, [21.07.19 19:21]
Thanks for your help.Platon, [21.07.19 19:28]
Then pay me.
What We Know So Far
As Platon claims there are about 60,000 pieces of KYC in his collections, which is a huge number. Until now Platon haven’t announced anything new but there is fear he would continue releasing KYC info to the public as he stated on twitter.
source coindesk.com
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