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Balances from Binance accounts – and how to protect against them

In an unfortunate incident, one of the brothers was subjected to the theft of his balance from the Binance platform in a clever way that is known to many. In this article, we will explain what happened, and show you how to protect yourself.

What happened?

The hacker was able to access the victim's account without knowing the email or password. How? Through a small file called a Cookie. This file retains the login session in the browser, and if it falls into the hands of the hacker, they can access your account as if you were there.

However, Binance does not allow withdrawals without a code from the email, mobile, or authentication app.

So what did the hacker do?

They entered the Binance NFT market and purchased an NFT for themselves using the victim's balance, and then withdrew the balance from their own account.

The problem is that purchasing the NFT does not require authentication codes if the amount is below a certain limit.

How to protect yourself?

Fortunately, there are simple steps that can prevent this type of hacking:

1. Open your Binance account, and go to the NFT section.

2. In the side menu, select Account Limit.

3. Click Edit next to the purchase option.

4. Change the minimum purchase limit to just $0.01.

5. Confirm the change using authentication codes.

6. If you have NFT codes, change the Total Asset Listing Limit option in the same way.

7. As an additional measure, you can enable Set Pay PIN, so that purchases cannot be made without an approval code.

(But if you do not use the NFT market, keep it disabled.)

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