NEW DETAILS ABOUT THE BINANCE HACK: HACKERS PREPARED THE ATTACK FOR MONTHS AND STARTED WITH A FAKE JOB INTERVIEW!
The Binance hack turned out to be much more complicated than it first appeared.
On November 9, exchange representatives revealed new details about the October 29 attack. And some of them really do make you think about the security of the entire crypto industry.
The hackers didn’t just find a vulnerability. They deliberately prepared for the attack for several months.
According to Binance, the scheme involved several stages:
🔹 In June, the attackers used spoofed software to gain initial access to one of the engineers’ devices.
🔹 In September, another employee received a job offer through a legitimate job-search platform. After two convincing interviews, he was asked to download a technical assignment.
🔹 The assignment contained malicious code that helped the attackers infiltrate the company’s work infrastructure.
🔹 The attackers then used compromised devices, credentials, and Binance’s internal AI tool to make their way toward the wallet management systems.
But the most surprising question is: why couldn’t Binance stop the withdrawals immediately?
A Binance security representative explained that the attackers had prepared a special blockchain authorization in advance, which operated independently of the exchange’s standard withdrawal system.
Stopping standard withdrawals wasn’t enough. The team had to separately prepare and execute transactions to revoke that authorization.
That’s why it took time to contain the attack.
Another figure that can’t be ignored:
In 2026, Binance identified and prevented 57 suspected cyberattacks linked to North Korean groups. But, as the company’s head of security admitted: “We stopped 57 such attempts. Not all of them.”
Binance estimated the total value of assets affected by the October 29 attack at approximately $6.34 billion. The company said it would restore users’ funds at its own expense. As of October 31, 98% of the affected tokens had been recovered.
My conclusion: a modern cyberattack may begin not with a server hack, but with an ordinary conversation about work. And even the most advanced security systems cannot eliminate the human factor.
Friends, what do you think: should crypto exchanges introduce mandatory independent security audits and publicly disclose the results of such investigations?
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