About $100 Million in Binance Coin Stolen

About $100 Million in Binance Coin Stolen

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

Created by

Quizizz Content

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The video discusses the need for regulation in the crypto industry, highlighting recent hacking incidents and vulnerabilities, particularly in bridges. It mentions Binance's efforts to recover stolen funds and the role of companies like Channel Assist in tracking hackers. The video also covers security measures taken by exchanges to protect consumer funds, emphasizing the importance of audits and the challenges posed by increasingly sophisticated hackers.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did Binance take in response to the hacking incident?

They ignored the issue.

They suspended the bridge and froze some funds.

They blamed the government.

They increased transaction fees.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is mentioned as assisting governments in tracking hackers?

Channel Assist

SecureNet

HackTrack

CryptoGuard

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much money has been stolen from crypto bridges this year?

$2 billion

$500 million

$1 billion

$3 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What assurance does Binance give regarding customer funds?

Funds are at risk.

Funds are partially safe.

Funds are insured by the government.

Funds are safe.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge do companies face despite security audits?

Lack of customer trust

Increasing sophistication of hackers

High operational costs

Regulatory compliance issues