Binance says $6.3 billion stolen in biggest crypto heist in history
Binance said the incident may have involved a compromised engineer laptop as stablecoin issuers froze more than $2.38 billion in linked assets.
- In the largest security breach in cryptocurrency history, hackers drained an estimated $6.3 billion from Binance hot wallets across 10 blockchains in a coordinated attack lasting roughly 20 minutes on Thursday evening.
- Initial investigations indicate the breach originated from a compromised DevOps engineer's laptop, enabling the attackers to gain access to a service container, utilize Ethereum's EIP-7702 feature to authorize malicious contracts, and execute unauthorized withdrawals without compromising wallet private keys.
- Blockchain analytics firms TRM Labs and Chainalysis attributed the massive intrusion to "TraderTraitor," an elite North Korean state-sponsored cyber warfare unit, noting that stolen assets were rapidly swapped into Ether and mixed with funds from previous exploits.
- Binance immediately suspended all deposits and withdrawals, while coordinated intervention by the exchange, stablecoin issuers, and law enforcement successfully froze roughly $3 billion of the stolen assets on-chain.
- Binance stated it will fully cover all unrecovered user losses through its SAFU reserve and corporate funds, while the broader crypto market suffered sharp declines—wiping out $170 billion in market capitalization and triggering over $1.3 billion in leveraged liquidations within 12 hours.
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Binance was the target of a large-scale cyberattack. It froze the accounts valued at 2.7 billion euros. But it guarantees that there is no evidence that individual accounts have been broken down.
The binance cryptovalute exchange platform has announced that it has been the victim of a serious hacker attack, with an estimated damage of about $ 6.3 billion. Half of the funds...
A massive cyber attack targeted Binance, the largest trading platform for cryptocurrencies in the world, being affected by assets worth $6.3 billion. The company suspended withdrawals and deposits. Article Big cyber attack on Binance, $6.3 billion in danger. Hackers would have compromised the laptop of a software development engineer appears first on Romania TV.
The largest cryptocurrency market has suffered a theft valued at $6.3 billion (€ 5.6 billion). Binance has reported that he has been the victim of a "security incident" and has stopped all deposit and withdrawal operations until he solves the problem that points to a North Korean attack. Binance ... Continue reading "Binance suffers a theft of $6.3 billion in cryptocurrencies that targets hackers from North Korea"
Binance hack: ‘additional points of breach’ beyond a laptop
Binance now says a compromised laptop was not the only way in. Its investigation has “uncovered additional points of breach” in the attack that hit about $6.3bn of its assets on Thursday, the world’s largest crypto exchange said on Friday. Binance said in an investigation update on X that it will cover all losses and […] This story continues at The Next Web
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