On December 14, an individual going by the name “Miembro” took to Breach Forums, announcing the sale of access to Binance’s law enforcement request panel at a price of $10,000 in either Bitcoin (BTC) or Monero (XMR). The cryptocurrency market tickers were reported as $41,888 for BTC and $169 for XMR at the time.
Binance Law Enforcement Portal Access Offered by Hacker at a Price of 10K Dollars in Cryptocurrency
The advertised access boasted exclusive use by law enforcement, offering unlimited requests with responses promised within a timeframe of three to seven days. The seller specified that interested parties could make inquiries through the website portal or reach out via Tox or Telegram, emphasizing a preference for straightforward offers and discouraging casual greetings.
An investigation conducted by researchers at Hudson Rock revealed that Binance employs a third-party service named Kodex to validate law enforcement requests. The compromised credentials used to access the account were reportedly traced back to law enforcement officials. The compromise occurred through the infection of three computers with malware, ultimately placing these credentials in the hands of the hackers.
Individual Claims Access to Binance Law Enforcement Request Panel, Demands 10K Dollars in Cryptocurrency
The compromised credentials were reportedly linked to law enforcement officers from the Taiwanese Criminal Investigation Bureau, the Uganda Police Force, and the Anti-Cybercrime Group of the Philippine National Police (PNP).
While it remains uncertain whether the access was genuinely obtained through the compromised login credentials, a subsequent post by the user claimed successful testing, asserting that the access “works fine.” According to the user, the compromised access includes capabilities such as functioning with email addresses, phone numbers, document numbers, and even transaction IDs (TXID) or wallets.
In another development, Binance is currently facing the imminent threat of a ban from the Securities and Exchange Commission in the Philippines for its alleged operation as an unregistered exchange.
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