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Binance suffers a $6.34 billion attack attributed to fake job interviews and the use of artificial intelligence tools

A North Korea-linked attack on Binance resulted in a loss of $6.34 billion on October 29, 2026, and the exchange’s initial report revealed that the breach began months earlier through social engineering.

The compromise began in September, when the attackers used fake job interviews to implant malware on employees’ devices. They then exploited an internal artificial intelligence tool to reach wallet engineers and ultimately gained access to Binance’s hot-wallet signing infrastructure. The attack took advantage of Ethereum’s EIP-7702 mechanism, enabling persistent on-chain permissions that meant suspending withdrawals alone was not enough to stop malicious authorizations already in progress.

The incident highlights an increasingly sophisticated pattern of attacks in which sophisticated threat actors (in this case, linked to North Korea) combine social engineering with technical exploits targeting internal tools rather than external systems directly.

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