Binance blocks APIs after loss of $40 million Bitcoins

Binance

Cryptocurrency exchange giant, Binance said it is restricting all its application programming interface, APIs after it lost over $40 million worth of Bitcoins.

Binance said in an update to its customers that:

“Due to irregular trading on some APIs, Binance will restrict all currently existing API keys to have trading functionality only. These keys will then be removed in full at 2019/05/08 1:30 PM (UTC).

API users can choose to recreate their API keys now to receive full functionality of API usage going forward. These newly created API keys will not be removed at 1:30 PM (UTC).

We apologize for any inconvenience caused, and thank you for your patience.”