Binance Hack Prompted US Regulators to Check in on Bank Systems, Sources Say
Banks are reviewing systems and preparing cybersecurity updates after the $6.3 billion Binance hack, as regulators look for any spillover risks.
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Binance hack prompted US regulators to check in on bank systems, sources say - Regional Media News
By Stephen Gandel and Nupur Anand NEW YORK, Nov 5 (Reuters) - US regulators contacted banks to check whether their systems had any vulnerabilities after last week's $6.3 billion hack of Binance, alert to the risks that a hack in crypto markets could affect traditional [...]
Binance hack prompted US regulators to check in on bank systems, sources say
NEW YORK, Nov 5 : US regulators contacted banks to check whether their systems had any vulnerabilities after last week's $6.3 billion hack of Binance, alert to the risks that a hack in crypto markets could affect traditional finance at a time that links have tightened. Supervisors from the Federal Reserve
Fed and OCC Called Banks After the Binance Hack
Bank supervisors at the Federal Reserve and the Office of the Comptroller of the Currency began calling US banks on Monday morning to ask whether their systems had held up, four days after the Binance hack. Reuters reported the calls on Thursday, citing several sources familiar with the matter. Supervisors asked about any unusual activity or disruption in services, and the banks found nothing. The significance is that regulators asked at all, wh…
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- 67% of the sources lean Right
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