Categories: Exchanges

Binance now supports FIDO2 open authentication.

Binance now supports FIDO2 open authentication. This means that any 2FA devices that support this standard , and others, can be used as security keys for your Binance accounts.

This feature was announced Today on Binance’s Blog as an effort to secure it’s clients account after the recent successful hack attack on Binanace that caused a loss of around 7,000 Bitcoins worth about $40 million via a single transaction.

FIDO (Fast ID Online) is a set of technology-agnostic security specifications for strong authentication. FIDO is developed by the FIDO Alliance, a non-profit organization that seeks to standardize authentication at the client and protocol layers.

Sying Tien

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at sying.tien@thecoinspost.com and i will get back to you shortly.

Recent Posts

Smart Contract Hacking Costs Ex-Engineer $12M and His Freedom

A former senior security engineer was sentenced to three years in prison for executing sophisticated… Read More

2 weeks ago

Craig Wright’s “Satoshi Nakamoto” Claim Debunked in UK Court Ruling

The mysterious identity of Satoshi Nakamoto, the inventor of Bitcoin, has been burning question… Read More

1 month ago

P2P NFT Trading Platform Faces Breach: Users Urged to Take Immediate Action

NFT Trader, peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the… Read More

4 months ago

Fireblocks buys Australian blockchain start-up BlockFold

Fireblocks, the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a… Read More

7 months ago

Former IcomTech CEO Admits Guilt in Cryptocurrency Ponzi Scheme

In recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to… Read More

7 months ago

Binance Announces Complete Exit from Russia, Selling Business to CommEX

In significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency… Read More

7 months ago