Binance Warns Against iPhone Security Issue; Apple Promises to Fix It

Binance Warns Against iPhone Security; Apple Promises to Fix It

CEO of Binance Changpeng Zhao has recently warned crypto traders about a recently discovered security issue on iPhones and iPads, the Daily Hodl website reported.

Zecops, which has discovered the issue, stated that attackers seem to have already used the issue to threaten staff at a North American’s Fortune 500 Company.

Hackers can only send a specially designed email that, once opened on the native Mail app, allows them to access the stored information.

The CEO said crypto users must safeguard themselves.

The CEO added:

“This is a serious security issue affecting ALL iPhone users. Please take action and protect yourself. Another reason to use a unique email address for each exchange, and never share that address with anyone. Less attack surface.”

Apple promises to fix bug

Replying to such findings, Apple promised to fix the issue in the next app update.

“The researcher identified three issues in Mail, but alone they are insufficient to bypass iPhone and iPad security protections, and we have found no evidence they were used against customers.”

Cryptolydian earlier reported that Binance has issued ONT-33D; a digital asset pegged to Ontology (ONT) tokens.

The new token is built on the exchange’s blockchain and governed by parameters named ‘BEP2’.

Each token has an ONT coin backing, Binance spokesperson said. He added that this would keep the token price as that of the ONT tokens traded on the open crypto market.

ONT tokens move on Ontology’s key network, which makes them incompatible with DEX; Binance’s decentralized exchange as both operate on separate blockchains.

“It will allow ONT holders to have decentralized exchange service,” the spokesperson said.

In June 2017, Binance released Bitcoin BEP2 (BTCB) under such parameters, with each token supported by Bitcoin (BTC).

“Many more DEX services will launch in the future,” the spokesperson said.

“For example, Ontology will add a node staking feature soon, expecting to integrate it with the Binance DEX and enabling ONT holders to have full control over their assets while participating in ecosystem governance.”

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.