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Wednesday, 7 August 2019

Binance offering up to $290,000 bounty to catch cryptocurrency KYC extortionist


It’s never a dull day in the world of cryptocurrency, and today is no different. Over the past few hours an unknown individual has been terrorizing cryptocurrency exchange Binance and its users by attempting to extort 300 Bitcoin (nearly $3.5 million) out of the business. The exchange is also giving a reward of up to 25 BTC ($290,000) to anyone that can help catch the miscreant. According to an announcement from Binance, – released less than 2 hours ago – the individual claims to posses 10,000 “selfie” images that hold some similarities to the exchanges know-your-customer (KYC) data. It seems…

This story continues at The Next Web