What to Do if My Binance Account Was Hacked

If your Binance account was hacked and your money was stolen, update your password, enable two–factor authentication (2FA), review your account activities, and notify the cryptocurrency exchange about the incident. 

Additionally, if you suffered significant financial losses, speak with a securities attorney with relevant Binance account hack case experience right away. A nationwide securities lawyer will investigate your Binance account breach. 

If Binance is liable for this security incident, your attorney may advise you to file a claim against the crypto exchange. Then, if you proceed with a claim, your lawyer can prepare an argument that could help you recover your stolen funds from Binance. 

Update Your Password Immediately if Your Binance Account Gets Hacked

You believe your Binance account password is secure and that you have done everything within your power to protect your cryptocurrency from fraud and hacking. Regardless, as soon as you find out that funds were stolen from your Binance account, change your password and update it every three to six months moving forward.

To change your Binance password via a web browser, log in to your account. On the top right of your screen, click on your email. Next, select “Security” from the drop-down menu. Click on the “Change Password” button, enter your current password once and your new password twice, and click “Submit.” 

You can also update your password via the Binance app. In the app, access your profile in the upper-right corner. Tap “Security,” followed by “Password.” Finally, enter your current password, then your new password twice, and tap “Submit.”

Activate Two-Factor Authentication in Binance to Level Up Your Account Security and Help Prevent SIM Swapping

Hackers will use SIM swapping to essentially steal your phone number in order to access your personal accounts and information, including your Binance account. Thanks to two-factor authentication, you add a level of protection to your Binance account and minimize the possibility that hackers can steal funds from it once again.  

2FA is an identity and access management (IAM) security method in which you have to provide two forms of authentication to access an account. With 2FA set up in Binance, you will have to enter your account password and utilize Google Authenticator or SMS (text messaging) to verify your identity. After you do these things, you can log into your account.

Enable two-factor authentication in Binance by logging into your account and accessing the Security section. From here, choose between Google Authenticator or SMS for 2FA.

If you select Google Authenticator, you will have to scan a QR code. Or, with SMS, you will have to share your phone number and confirm the code that Binance sends you via text. 

Trust a Securities Lawyer to Guide You Through the Legal Process That Follows a Binance Account Hack

Your securities lawyer wants you to achieve outstanding case results. To show that Binance is liable for your account hack and financial losses, your attorney collects evidence from a variety of sources. They may use your account transaction history, emails between you and Binance, and other proof to put you in a position to secure fair compensation from the cryptocurrency exchange if they are liable. 

Throughout your legal proceedings, your lawyer advocates for you and protects your legal rights and best interests. Your attorney remains accessible to address your legal concerns and questions. They work hard to get you money from Binance and restore your financial security in the aftermath of your account hack. 

Seek Legal Advice on What to Do if Your Binance Account Was Hacked

You feel helpless after your Binance account is hacked and money is stolen from you. Legal help is available. Connect with securities lawyers who will provide you with insights into why Binance may be liable for your financial losses and what you can do to get money from the crypto exchange. 

Meyer Wilson Werning has served thousands of clients and recovered over $350 million in compensation for them. If you were working with a financial advisor or broker who was responsible for your Binance account losses, our securities attorneys may be able to help.

For more information, schedule a case consultation with us.