Companies
Binance Takes Action Against SignalPlus API Keys After Security Alert
Binance has proactively removed all API keys associated with the third-party trading platform SignalPlus due to a potential security breach. The exchange confirmed that its internal systems were not compromised and that customer funds are safe.
In a statement, Binance urged users who have utilized SignalPlus to log into their accounts directly to review their existing positions and open orders. The exchange recommended that users wait for SignalPlus to confirm the resolution of the security issue before reconnecting their API keys. Additionally, Binance advised implementing IP whitelisting as a precautionary measure.
Binance also called on all third-party services connected to its platform to reassess their security measures, monitor for any suspicious activity, and report any concerns to the exchange immediately.
SignalPlus, a Hong Kong-based fintech company founded in 2021, specializes in AI-enabled trading tools for digital assets. Its offerings include options pricing, analytics, automated market-making bots, and trade execution algorithms. The company has raised substantial funding, including a $50 million Series B1 earlier this year, and integrates with multiple crypto exchanges, including Binance.
FAQ
What action did Binance take regarding SignalPlus API keys?
Binance removed all API keys associated with the third-party trading platform SignalPlus due to a potential security breach.
Are customer funds safe after the removal of SignalPlus API keys?
Yes, Binance confirmed that its internal systems were not compromised and that customer funds are safe.
What should users who have utilized SignalPlus do?
Users are urged to log into their Binance accounts directly to review their existing positions and open orders.
What precautions does Binance recommend for users connected to SignalPlus?
Binance recommends that users wait for SignalPlus to confirm the resolution of the security issue before reconnecting their API keys and suggests implementing IP whitelisting as a precaution.
What is SignalPlus and what services does it offer?
SignalPlus is a Hong Kong-based fintech company specializing in AI-enabled trading tools for digital assets, including options pricing, analytics, automated market-making bots, and trade execution algorithms.