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Binance CEO Sends Warning to Crypto Traders, Says Alleged iPhone Security Flaw Requires Action

April 26, 2020

The CEO of Binance is warning crypto traders about a newly discovered security flaw on iPhones and iPads.

According to security firm Zecops, which discovered the issue, attackers appear to have already used the bug to target workers at a Fortune 500 company in North America.

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Hackers only need to send a specially crafted email that, once opened on the native Mail app, gives them full control of the device and allows them to gain access to stored information. 

Binance CEO Changpeng Zhao says crypto users need to protect themselves.

“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.”

An iOS Mail application vulnerability has been disclosed.https://t.co/8cM1Cwf9me

To ensure you are not affected, disable usage of the iOS Mail app:

?Go to Settings > Password & Accounts, set Fetch New Data to "Manual" and disable "Push".

?Use Safari or Gmail etc.

Stay #SAFU pic.twitter.com/YVGpfhIVMj

— Binance (@binance) April 23, 2020

Apple is pushing back on the firm’s findings, but says it will address the issue in the next software 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.”

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