🚨 Binance lost approximately $6.3 billion after an attacker took control of on-chain wallet signing, bypassing even the withdrawal pause mechanism.
📌 Between 20:05–20:09 UTC on October 29, the hot wallet transferred 223.46 million $XRP , 970,500 $SOL , and 44.2 million $OP to the attacker’s address.
📌 Binance reported that approximately 98% of the affected assets had been recovered as of November 4, and that it had to develop a separate process to revoke malicious on-chain permissions.
Large outflows from the hot wallet could make investors more cautious about directly affected tokens such as XRP, SOL, and OP.
💬 Do you think exchanges should publicly conduct regular audits of on-chain permissions to prevent similar risks?
#CryptoExchange #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Between 20:05–20:09 UTC on October 29, the hot wallet transferred 223.46 million $XRP , 970,500 $SOL , and 44.2 million $OP to the attacker’s address.
📌 Binance reported that approximately 98% of the affected assets had been recovered as of November 4, and that it had to develop a separate process to revoke malicious on-chain permissions.
Large outflows from the hot wallet could make investors more cautious about directly affected tokens such as XRP, SOL, and OP.
💬 Do you think exchanges should publicly conduct regular audits of on-chain permissions to prevent similar risks?
#CryptoExchange #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).