Binance Clarifies Users Assets Safe On Accounting System Vulnerability Incident » Crypto Kingdom

Binance clarified on Sunday, September 18, that the “Binance Accounting System Vulnerability” incident previously stated by the Helium Foundation occurred on Binance.US, and Binance.com found no related problems, emphasising that user assets are safe. The Helium Foundation said a bug found in Binance’s accounting system led to the misidentification of Helium Network’s MOBILE tokens for higher-value HNT, with users mistakenly receiving around $20 million worth of HNT tokens. At the time of writing, Binance.US officials have not yet made any official response to the incident. Arman Dezfuli-Arjomandi, a podcast host focusing on the Helium ecology, criticised Binance.US for actively maintaining communication with customers, opening up the transparency of relevant information as soon as possible, and announcing relevant compensation plans. exist The podcaster revealed in a post on his official Twitter that: “Due to a bug in the exchange system, each deposited MOBILE token gets 1 HNT (1 MOBILE is only worth
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