In an unfortunate incident, one of the brothers had his balance stolen from the Binance platform in a clever way that many do not know. In this article, we 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 Cookie. This file keeps the login session in the browser, and if it falls into the hacker's hands, they can access your account as if you were you.
But Binance does not allow withdrawals without a code from email, mobile, or authentication app.
So what did the hacker do?
He accessed the Binance NFT market, bought an NFT using the victim's balance, and then withdrew the balance from his account.
The problem is that purchasing NFTs does not require authentication tokens if the amount is below a certain limit.
How do you protect yourself?
Fortunately, there are simple steps that can prevent this type of hacking:
1. Open your account on Binance and go to the NFT section.
2. In the sidebar, choose Account Limit.
3. Click on Edit next to the purchase option.
4. Change the minimum purchase to just $0.01.
5. Confirm the change using authentication tokens.
6. If you have NFT tokens, also change the Total Asset Listing Limit option in the same way.
7. As an additional measure, you can activate Set Pay PIN to prevent purchases without an approval code.
(But if you don't use the NFT market, keep it deactivated.)
Important notice
Completely avoid using applications, games, or cracked programs or from untrusted sources on the same device you use to access your Binance accounts or any wallet.
These are easy but very important ways to protect your money from theft.