🚨 BINANCE FROZE WITHDRAWALS — BUT THE HACKERS KEPT MOVING FUNDS! 😳
Binance has revealed a shocking technical detail about its $6.34 billion security incident.
$BTC
The problem? Stopping normal withdrawals wasn't enough.
Here's what happened:$AKE
💸 Hackers moved 233.46 million XRP in just 4 minutes.
🔓 They exploited Ethereum's EIP-7702 authorization mechanism.
⚠️ Malicious permissions allowed transactions to continue outside Binance's normal withdrawal system.
🧊 Binance says approximately $2.85 billion was frozen or intercepted.
⏰ The final unauthorized transfer was completed at 23:56 UTC.
The scary lesson: Even when an exchange stops withdrawals, existing blockchain permissions may still create risks.
Binance says 98% of the impacted token assets had been replenished as of October 31.$ZEC #USStocksSlipandCryptoMarketUnderBroadPressure
Did you know blockchain permissions could remain active even after withdrawals are suspended? 👇
#Binance #CryptoHack #EIP7702 #CryptoSecurity #Blockchain #BinanceSquare
Binance has revealed a shocking technical detail about its $6.34 billion security incident.
$BTC
The problem? Stopping normal withdrawals wasn't enough.
Here's what happened:$AKE
💸 Hackers moved 233.46 million XRP in just 4 minutes.
🔓 They exploited Ethereum's EIP-7702 authorization mechanism.
⚠️ Malicious permissions allowed transactions to continue outside Binance's normal withdrawal system.
🧊 Binance says approximately $2.85 billion was frozen or intercepted.
⏰ The final unauthorized transfer was completed at 23:56 UTC.
The scary lesson: Even when an exchange stops withdrawals, existing blockchain permissions may still create risks.
Binance says 98% of the impacted token assets had been replenished as of October 31.$ZEC #USStocksSlipandCryptoMarketUnderBroadPressure
Did you know blockchain permissions could remain active even after withdrawals are suspended? 👇
#Binance #CryptoHack #EIP7702 #CryptoSecurity #Blockchain #BinanceSquare
