The $6.3 billion Binance hack began with an ordinary job interview that turned out to be a carefully orchestrated trap.
Hackers created a fake company, conducted two rounds of interviews with a Binance engineer, and gave him a malicious test assignment. They then used his infected computer to gain access to other employees and the cryptocurrency transaction-signing system.
The preparation took several months, with the first traces of the attack detected as early as June.
According to Binance, the exchange fully absorbed the losses, secured reserves covering more than 100% of the damage, and had recovered 98% of the affected tokens by November 3. Vulnerable systems were also rebuilt and their security significantly strengthened.
Hackers created a fake company, conducted two rounds of interviews with a Binance engineer, and gave him a malicious test assignment. They then used his infected computer to gain access to other employees and the cryptocurrency transaction-signing system.
The preparation took several months, with the first traces of the attack detected as early as June.
According to Binance, the exchange fully absorbed the losses, secured reserves covering more than 100% of the damage, and had recovered 98% of the affected tokens by November 3. Vulnerable systems were also rebuilt and their security significantly strengthened.
