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Helping hand by McAfee to Binance to catch Hackers

Helping hand by McAfee to Binance to catch Hackers

May 10, 2019 6:27 am,

Cybersecurity can be considered as the digital gatekeeper that protects all the networks and programs of our computers and other devices. It is so important because millions and millions of highly classified information regarding nations, multi-million dollar organizations and other intellectual properties are guarded by them. The very existence of the digital currency is based on the idea that the transactions carried out and the money invested is absolutely safe and free from any form of threat. One of the very first commercial Anti-Virus software was developed by John McAfee through his software company named Mcafee Associates. He later went on to leave the company but has now found an opportunity to revive his lost glory.


Cryptocurrency is the form of digital currency which can be bought, sold, invested and speculated just like the legal tender. Some of the most famous cryptocurrencies are Bitcoin, Ethereum coin, Lite coin and so on. There are various online platforms present, which allows customers to buy and sell cryptocurrency. One such platform is Binance, which was founded in 2017 by Changpeng Zhao. In 2019, the organization also announced the arrival of Binance Jersey, which is an independent entity grown from its parent firm. This was done to increase its European user base. In Jan 2019 the organization had held Binance SAFU Hackathon to Address Security Concerns in Crypto Industry. On 7th May 2019 that the company announces its colossal security breached by hackers. 7000 bitcoins worth 40 million USD had been stolen. The firm has ever since been in a search to find a solution to this problem.

Helping hand from McAfee

During this very unfortunate time of Binance, McAfee has offered to help the firm to get out of the mess. Being the cybersecurity expert that he is, John has confidently offered to solve the issue. The help was announced through a tweet by McAfee in which he says that underneath his clown suit is one of the most experienced cybersecurity experts on the planet. It is true, as the man has been in the field for almost over 51 years. To this, Binance CEO replied that all help is welcome, and that they would like to hear what McAfee has to offer. Later in another tweet, he openly asked the help of his once fierce rival, Kaspersky enterprises also to help him solve the issue. The Russian counterpart has not responded yet.   

Is the trust breached?

Hackers can be considered as the social evil that destroys the seamlessness of the digital currency, and its performance. John McAfee says that hackers are the dark wizards of our age, and it is the duty of the cybersecurity to restore the lost trust and safety back to the digital realm. Like any other digital entity like Facebook, Twitter, and Whatsapp, the value of cryptocurrency is increased only because of the trust the users give to it. After such a major hacking situation, one has to wait and see if the users are still willing to buy, sell or invest their money in digital currency.

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