🔓 How a $6.3B hack got through, in plain English.
Binance's Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls. The Block reports investigators tie the attack to North Korea and that hot-wallet signing infrastructure was compromised.
The CFTC chair says it shows why offshore exchanges should register and meet US-grade cybersecurity standards.
Should every exchange be forced to publish a security audit like proof of reserves? 👇
$ETH $BNB
#CZSaysCompensationIsinPlaceUsersAreProtected #BinanceSquare #WriteToEarn
Binance's Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls. The Block reports investigators tie the attack to North Korea and that hot-wallet signing infrastructure was compromised.
The CFTC chair says it shows why offshore exchanges should register and meet US-grade cybersecurity standards.
Should every exchange be forced to publish a security audit like proof of reserves? 👇
$ETH $BNB
#CZSaysCompensationIsinPlaceUsersAreProtected #BinanceSquare #WriteToEarn
