๐๐๐ ๐ฝ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐ผ๐๐พ๐ ๐ฅ๐ฆ
The crypto industry was shaken to its core when North Koreaโs state-backed Lazarus Group pulled off a $6.3 billion breach against Binance, marking the largest cryptocurrency heist in history.
What began as a quiet intrusion escalated into a high-stakes, 20-minute operational nightmare. Armed with access gained through a compromised Binance DevOps engineer's device, the attackers targeted transaction-signing infrastructure across 10 blockchains to initiate rapid withdrawals.
Before security teams could fully react, billions vanished from hot wallets into non-custodial networks. The response from the broader crypto ecosystem was immediate: major stablecoin issuers Tether and Circle, along with chain security partners, raced to freeze nearly $3 billion of the stolen assets directly on-chain. However, over $2.4 billion in Bitcoin and Ethereum remains under the attacker's control and is actively moving through mixers like Tornado Cash.
To mitigate market panic, Binance leadership halted global withdrawals and committed to covering 100% of affected user funds using its SAFU emergency reserve, reassuring traders that internal systems and balances are being fully secured.
#exploit #Binance #TwoAddressesHoldingAbout1.28BUSDTFrozen
#HackerAlert
The crypto industry was shaken to its core when North Koreaโs state-backed Lazarus Group pulled off a $6.3 billion breach against Binance, marking the largest cryptocurrency heist in history.
What began as a quiet intrusion escalated into a high-stakes, 20-minute operational nightmare. Armed with access gained through a compromised Binance DevOps engineer's device, the attackers targeted transaction-signing infrastructure across 10 blockchains to initiate rapid withdrawals.
Before security teams could fully react, billions vanished from hot wallets into non-custodial networks. The response from the broader crypto ecosystem was immediate: major stablecoin issuers Tether and Circle, along with chain security partners, raced to freeze nearly $3 billion of the stolen assets directly on-chain. However, over $2.4 billion in Bitcoin and Ethereum remains under the attacker's control and is actively moving through mixers like Tornado Cash.
To mitigate market panic, Binance leadership halted global withdrawals and committed to covering 100% of affected user funds using its SAFU emergency reserve, reassuring traders that internal systems and balances are being fully secured.
#exploit #Binance #TwoAddressesHoldingAbout1.28BUSDTFrozen
#HackerAlert
