#CryptoMarket4T On May 7, 2019, Binance revealed that it was the victim of a "widespread security breach" in which hackers stole 7,000 Bitcoins worth about 40 million U.S. dollars at the time. The company's CEO Changpeng Zhao stated that the attackers "used a variety of techniques, including phishing, viruses, and other attacks" and organized their transactions "in a way that passed our current security checks." Binance halted additional withdrawals and deposits but allowed for trading activities. The platform pledged to compensate customers through its secure asset fund.