A Compromised DevOps Laptop Caused the $6.3B Binance Breach
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cybernoz.comA compromised DevOps laptop caused the $6.3B Binance breach
Cryptocurrency Exchange Binance blamed a compromised DevOps laptop for the loss of $6.3 billion in cryptocurrency last week, adding that it will now cover any losses faced by its customers. “Binance will cover all losses from the Secure Assets Fund for Users (SAFU) and the company’s funds,” the world’s largest cryptocurrency exchange said in an update on Friday, adding that user funds are safe and that it had found no evidence of wallet private-…
Over the past two days, not a few Binance customers may have been happy that the proverbial fire brigade quickly and unbureaucratically intervened during the big token theft: about 6.3 billion US dollars were withdrawn from the hot wallets of the crypto exchange. According to initial findings, the attackers entered the systems via a compromised computer of a Binance employee. Behind the attack will be The post What the Binance hack reveals about…
Global Security Mag OnlineGlobal Security Mag OnlineThe hacking of Binance, which would have led to the theft of several billions of dollars, highlights the growing sophistication of cyber attacks targeting critical infrastructures.
Binance breach will usher in new phase for protecting wealth
The $6,3-billion Binance hack opens a new chapter in the fight to protect wealth, with AI handing criminals the speed to empty an exchange in minutes, warns Nigel Green, CEO of deVere Group. His comments come as Binance, the world’s largest crypto exchange, reveals that the breach was traced in its initial investigation to a single DevOps engineer’s laptop. He says: “Six billion dollars moved in about 20 minutes, through one engineer’s laptop,” …
Crypto theft worth Rs 55,000 crore on Binance: Learn how hackers accessed hot wallets from an engineer's laptop, raising questions about the security of digital assets.
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