$BNB 🚨 UPDATE: THE $6.3 BILLION BINANCE BREACH ALLEGEDLY STARTED FROM A BOGUS JOB INTERVIEW!
A highly advanced social engineering attack is believed to be the initial point of entry for the massive security incident at Binance.
As per a CoinDesk report, hackers reportedly impersonated recruiters and lured an engineer into downloading a coding test laced with malware onto his work device.
Here is the alleged sequence of the attack: 🔹 Bogus Interview Process: Hackers allegedly used a fake hiring process to plant malware via a programming task. 🔹 Gaining Internal Access: They reportedly exploited an in-house AI tool to get access to the systems of two wallet engineers. 🔹 Stealing Credentials: The compromised credentials were then reportedly used to run a malicious script on Oct 29. 🔹 Draining the Wallet: Attackers allegedly abused Ethereum's EIP-7702 feature to take over a hot wallet. 🔹 Incident Response: Binance reportedly needed around four hours to bring the situation under control. Meanwhile, Binance has confirmed that: 🔥 Roughly $2.85 billion of the impacted assets have been frozen. 🔥 Nearly 98% of the impacted tokens have reportedly been restored with company funds. 🔥 Users will not bear any financial loss from the breach. The FBI has linked the attack to North Korea. This case shows how an innocent-looking job interview can turn into the entry point for an extremely sophisticated cyberattack. It also highlights why employee security training, safeguarding credentials, and tight internal access controls are critical. 👀 The key takeaway? Even the largest crypto exchanges can be compromised through human error. DYOR. NFA.$BEAT BEATUSDT Perp 0.09855 -4.89% $ARIA ARIAUSDT Perp 0.1199 +0.83% #USOctoberNFP-AreRateCutsStillPossible #BinanceIncidentReport #BinanceHourlyDepositsExceedWithdrawals eedWithdrawals #BhutanGelephuCentralBankCanHoldBitcoinReserves inReserves #bnb
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