Binance says $6.3 billion stolen in biggest crypto heist in history
- 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.
914 Articles
914 Articles
The Binance cryptocurrency platform reported yesterday that it was the victim of a major attack by cyber hackers that led to the freezing of more than $6.3 billion to prevent them from being stolen.
Digital assets worth about $6.3 billion were transferred from Binance wallets on Thursday evening, following a cyber attack that took place largely in just 20 minutes. Approximately $3 billion was frozen, and the platform announced that it would cover all user losses and allocated over $6.34 billion of its own funds to manage the incident.
The exchange acted immediately to track funds and respond to those affected
A complex attack of which the estimated total impact is around 6,3 billion dollars. Binance, the largest cryptocurrency exchange platform in the world for volume of daily transactions, has announced a security problem caused by a hacker attack that promises to be one of the most serious incidents ever recorded [...] The article Binance hit by the biggest hacker attack in the history of the cryptocurrency: "Impact by 6,3 billion dollars" comes fr…
Coverage Details
Bias Distribution
- 39% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
