A Full Breakdown of the $6.36 Billion Binance Heist 🚨
North Korean hackers infiltrated the company through fake job applications, using malware and Binance’s internal AI tools to breach its network defenses, then exploited an EIP-7702 authorization vulnerability to drain assets en masse.
Attack chain:
Social engineering → AI tool abuse → Smart contract authorization vulnerability → Funds siphoned off
Afterward, multiple parties scrambled to freeze the funds, but the losses were already done. Security experts are beginning to rethink the fundamental risks of defense systems in the AI era and self-custody.
This isn’t a technical problem—it’s the collapse of a trust model.
North Korean hackers infiltrated the company through fake job applications, using malware and Binance’s internal AI tools to breach its network defenses, then exploited an EIP-7702 authorization vulnerability to drain assets en masse.
Attack chain:
Social engineering → AI tool abuse → Smart contract authorization vulnerability → Funds siphoned off
Afterward, multiple parties scrambled to freeze the funds, but the losses were already done. Security experts are beginning to rethink the fundamental risks of defense systems in the AI era and self-custody.
This isn’t a technical problem—it’s the collapse of a trust model.
