🚨 $6.34 billion in Binance’s biggest security breach… How did hackers deceive the platform’s employees?
What happened on October 29 was no ordinary breach, but a sophisticated cyberattack targeting Binance’s hot wallet systems and resulting in the theft of digital assets worth nearly $6.34 billion.
🔍 How did it all begin?
According to the investigation revealed by Binance today:
Hackers used fake job interviews to deceive some software engineers.
They managed to install malware on employees’ devices and steal their login credentials.
They exploited access to internal systems connected to signing wallet transactions.
They successfully carried out large transfers to wallets they controlled.
💰 How much was lost?
The stolen assets included several cryptocurrencies, among them:
233.46 million XRP
About 970,500 SOL
18,270 BTC
Amounts of ETH and OP.
🛡️ How did Binance handle the crisis?
It announced that it would absorb the losses, and users would not bear the cost.
It managed to freeze or intercept assets worth $2.85 billion.
It confirmed that it had restored about 98% of the affected assets by October 31.
📌 The takeaway:
The incident shows that the security of trading platforms depends not only on protecting wallets and keys, but also on protecting employees, devices, and internal systems.
And the most important question: Will this incident affect users’ trust in centralized platforms?
#BTC #Eth #sol #binance
What happened on October 29 was no ordinary breach, but a sophisticated cyberattack targeting Binance’s hot wallet systems and resulting in the theft of digital assets worth nearly $6.34 billion.
🔍 How did it all begin?
According to the investigation revealed by Binance today:
Hackers used fake job interviews to deceive some software engineers.
They managed to install malware on employees’ devices and steal their login credentials.
They exploited access to internal systems connected to signing wallet transactions.
They successfully carried out large transfers to wallets they controlled.
💰 How much was lost?
The stolen assets included several cryptocurrencies, among them:
233.46 million XRP
About 970,500 SOL
18,270 BTC
Amounts of ETH and OP.
🛡️ How did Binance handle the crisis?
It announced that it would absorb the losses, and users would not bear the cost.
It managed to freeze or intercept assets worth $2.85 billion.
It confirmed that it had restored about 98% of the affected assets by October 31.
📌 The takeaway:
The incident shows that the security of trading platforms depends not only on protecting wallets and keys, but also on protecting employees, devices, and internal systems.
And the most important question: Will this incident affect users’ trust in centralized platforms?
#BTC #Eth #sol #binance
