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Binance Cuts Off SignalPlus API Keys Over ‘Potential Security Issue’ at Trading Platform
Binance has removed all API keys connecting its users’ accounts to SignalPlus after the trading platform reported a potential security issue. The precaution stops automated SignalPlus trades on Binance until users create new keys, while Binance says its own systems are unaffected and user funds remain safe.
Binance advised affected users to check positions and open orders directly, and to wait for SignalPlus to confirm the issue is resolved before reconnecting; it also recommended IP whitelisting. The move comes a week after attackers stole about $6.4 billion from Binance hot wallets on 29 October. Binance says it has replenished about 98% of the assets and is gradually restoring withdrawals.
In short
- Binance revoked API access linked to SignalPlus over a potential security issue.
- Users should review positions directly and wait before reconnecting.
- The move follows a $6.4 billion theft from Binance hot wallets.
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The case for
Cutting off the API keys is a proportionate precaution: if SignalPlus may be compromised, disabling its access can limit the risk of unauthorised trades while Binance investigates. Advising users to review positions and wait for confirmation before reconnecting also puts account security ahead of uninterrupted automated trading.
The case against
A blanket removal can disrupt users’ trading strategies and leave them to manage positions manually, potentially at inconvenient or costly moments. If the issue is confined to SignalPlus, critics could argue Binance should explain the scope and duration of the interruption clearly and restore access promptly once the risk is addressed.
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