In the year AI re-wrote the infosec rulebook, it’s comforting to know crypto exchanges still have bad security
Binance said user funds are safe and it will cover losses as it works with law enforcement to trace and freeze additional assets.
7 Articles
7 Articles
A compromised work computer in the IT department was all the hackers needed. Now crypto giant Binance is fighting to save both customer fortunes and the declining trust in the crypto market.
Binance Hack: Why refunds alone won't solve crypto's security problem
The Binance breach has exposed the challenges of securing digital assets as cyberattacks become more sophisticated. Sigma Capital's Vineet Budki explains why crypto investors should consider self-custody, why exchanges need stronger safeguards and how industry-wide cooperation can help prevent future attacks.
The Register
IT Security News - cybersecurity, infosecurity newsIn the year AI re-wrote the infosec rulebook, it’s comforting to know crypto exchanges still have bad security
Binance freezes funny money after compromise of engineer’s laptop leads to $6.3 billion of bad trades
Investigators are reconstructing the chain of events that allowed hackers to access the equivalent of $6.3 billion (€5.6 billion) from crypto trading platform Binance. It is a security incident described as “the largest cyberattack in history.” Preliminary investigation suggests that the attack exploited a compromised laptop of a […]
The attackers hacked into the technician's laptop and stole the main funds in just 20 minutes. Analysts said the operation may have been carried out by the North Korean-linked TraderTraitor group.
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