$6.3 billion stolen—is “the responsibility lies with Binance” enough?
Binance employee sisi shared an update on the recovery effort: As of November 3, the affected wallet system had been rebuilt in a brand-new environment; internal AI tools had been rebuilt with tighter access controls; all related devices and credentials had been replaced or revoked; and all the entry points mentioned in the report had been secured. Binance has pledged to cover all losses and is working with law enforcement and blockchain organizations to pursue funds that have been frozen or intercepted. It has also invited an independent third-party security firm to conduct a review, with the results to be made public once complete.
One observation: withdrawals in the two days after withdrawals were restored amounted to roughly the same as the stolen funds, and all were honored. Binance says it did not use customer assets. Another observation: Binance supports exchanges establishing a mutual defense mechanism and is willing to share details of the attack with other platforms, including competitors.
Will the third-party review identify the specific point of failure, or offer only an overall conclusion? Which matters more to you: seeing compensation delivered, or whether sharing attack details can be put into practice?
Source: PANews
#BNB
Image 1: Binance shares recovery update after $6.3 billion theft: wallets rebuilt, attack details to be shared · Screenshot of the source page
Image source: https://www.panewslab.com/zh/articles/01a1a545-56d3-720e-83f4-5392b6d9f3a5
Binance employee sisi shared an update on the recovery effort: As of November 3, the affected wallet system had been rebuilt in a brand-new environment; internal AI tools had been rebuilt with tighter access controls; all related devices and credentials had been replaced or revoked; and all the entry points mentioned in the report had been secured. Binance has pledged to cover all losses and is working with law enforcement and blockchain organizations to pursue funds that have been frozen or intercepted. It has also invited an independent third-party security firm to conduct a review, with the results to be made public once complete.
One observation: withdrawals in the two days after withdrawals were restored amounted to roughly the same as the stolen funds, and all were honored. Binance says it did not use customer assets. Another observation: Binance supports exchanges establishing a mutual defense mechanism and is willing to share details of the attack with other platforms, including competitors.
Will the third-party review identify the specific point of failure, or offer only an overall conclusion? Which matters more to you: seeing compensation delivered, or whether sharing attack details can be put into practice?
Source: PANews
#BNB
Image 1: Binance shares recovery update after $6.3 billion theft: wallets rebuilt, attack details to be shared · Screenshot of the source page
Image source: https://www.panewslab.com/zh/articles/01a1a545-56d3-720e-83f4-5392b6d9f3a5
