Hackers Drain $400,000 From Binance-Linked Prediction Market

Attackers took about $400,000 from users of Predict.fun, the prediction market built into Binance’s wallet app. It happened two days after Binance opened trading on the project’s token at a $1.43 billion price tag. Predict.fun says every affected user will be paid back in full. However, the token has not even launched yet, and traders are already buying it with borrowed money. How Did the Attackers Get Into Predict.fun? The stolen money was USDT, a digital token built to stay worth $1. Predict.fun lets users buy yes-or-no shares on real-world events, such as elections or football results. The company’s early findings point to an unlikely weak spot. It is the application programming interface (API) documentation site, a help page showing developers how to connect to the platform.

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