ICYMI: Binance got hacked for $6.3B last week, the largest theft in crypto history. Here’s how it unfolded: > suspicious wallet transfers flagged on Oct. 29 > Tether and Circle…
Original source excerpt
🚨 ICYMI: Binance got hacked for $6.3B last week, the largest theft in crypto history. Here’s how it unfolded: > suspicious wallet transfers flagged on Oct. 29 > Tether and Circle freeze over $2.36B…
🚨 ICYMI: Binance got hacked for $6.3B last week, the largest theft in crypto history. Here’s how it unfolded: > suspicious wallet transfers flagged on Oct. 29 > Tether and Circle freeze over $2.36B > Binance pauses withdrawals, pledges to cover all losses > Aave freezes markets after attacker borrows $44.6M > total frozen assets reach $3B > Binance confirms $6.3B stolen > initial findings point to a compromised engineer’s laptop > investigators link attack to North Korea’s TraderTraitor > Binance uncovers additional breach points > reserves $6.34B to cover losses, including $5B in matching tokens > Blockaid warns EIP-7702 may have helped bypass safeguards > FBI and Secret Service join recovery efforts > Aave reopens markets, confirms contracts unaffected > US politicians clash over regulation > Binance reports 90% replenished by Oct. 31 > replenishment reaches 95% on Nov. 1 > withdrawals begin reopening across 15 networks Sunday > Binance reports $3.64B net withdrawals in Sunday’s first 9.5 hours > on Nov. 2, Binance reports withdrawal volumes stabilizing
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