Binance Incident Report: A Hollywood-Scale “Spy” Plot! 🎬🕵️♂️
Reading Binance’s October 29 incident report felt like watching an action movie! North Korean hackers devised an incredibly sophisticated plan: from fake video job interviews and tricking people into installing malware, to hacking internal AI to gain control of hot wallet signing. Even more audaciously, they used Ethereum’s EIP-7702 upgrade to keep siphoning off 6.34 billion USD, despite the exchange having locked withdrawals!
But the most impressive part was Binance’s response: immediately freezing 2.85 billion USD, covering 100% of the losses out of its own pocket, and restoring 98% of assets to the Proof of Reserves page. The exchange takes the hit, while users don’t lose a cent. Truly the big brother of the crypto industry—its financial strength and reputation are beyond question!
What should traders do?
The exchange is safe, and assets are fully insured, so you can sleep easy. However, the hard-earned lesson is to step up your personal security and avoid clicking unfamiliar links, or you might get wiped out for nothing. Just confidently stick with the big exchanges and keep trading!
This is not financial advice.
Sign up for Binance now to trade safely:
Referral code: VINHTOCDO
Link: https://www.binance.com/register?ref=VINHTOCDO
Click the trade button below to support me:
$BNB
, $BTC
, $XRP
#BinanceIncidentReport #BinanceSecurity #CryptoSafety #SAFU #Web3Security #VINHTOCDO
Reading Binance’s October 29 incident report felt like watching an action movie! North Korean hackers devised an incredibly sophisticated plan: from fake video job interviews and tricking people into installing malware, to hacking internal AI to gain control of hot wallet signing. Even more audaciously, they used Ethereum’s EIP-7702 upgrade to keep siphoning off 6.34 billion USD, despite the exchange having locked withdrawals!
But the most impressive part was Binance’s response: immediately freezing 2.85 billion USD, covering 100% of the losses out of its own pocket, and restoring 98% of assets to the Proof of Reserves page. The exchange takes the hit, while users don’t lose a cent. Truly the big brother of the crypto industry—its financial strength and reputation are beyond question!
What should traders do?
The exchange is safe, and assets are fully insured, so you can sleep easy. However, the hard-earned lesson is to step up your personal security and avoid clicking unfamiliar links, or you might get wiped out for nothing. Just confidently stick with the big exchanges and keep trading!
This is not financial advice.
Sign up for Binance now to trade safely:
Referral code: VINHTOCDO
Link: https://www.binance.com/register?ref=VINHTOCDO
Click the trade button below to support me:
$BNB
, $BTC
, $XRP
#BinanceIncidentReport #BinanceSecurity #CryptoSafety #SAFU #Web3Security #VINHTOCDO
