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.
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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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