Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
Source: CoinDesk ·
From the source
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday. Binance’s investigation into the record $6.3 billion hack has uncovered additional security breaches beyond an initially suspected compromised employee laptop, co-CEO Richard Teng said Friday , adding details of the attack and setting a Sunday target to restore withdrawals. In a video statement on X, Teng said the attackers used a self-destruct mechanism to erase evidence and exploited Ethereum’s EIP-7702 account-delegation feature to take control of a hot wallet without going through Binance’s normal approval procedures. “This was a complex attack,” Teng said, adding that investigators had found additional points of breach but had yet to determine the full sequence of events. CoinDesk’s earlier reporting detailed the account-delegation method, which examined how the attacker obtained wallet permissions and used malicious code to drain about $2.5 billion…
BestAIBroker analysis
- Finance-aware sentiment: negative (-0.80 on a -1 to +1 scale).
- Event classification: OTHER.
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