Crypto read · shared from CryptoBloggers
The Binance hack, in layman's terms
Plain-language explainer of the Binance hack for readers who need the basics.
Summary written by AI. Read the source before acting on anything.
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How Wallet Permissions Linked Two Accounts in the Suspected Binance Hack
Records show delegated code on Binance 14 could move its own assets and control another wallet, a key clue in the suspected hack; how the permission was obtained is unknown.
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Binance is investigating a major security incident that resulted in unauthorized withdrawals estimated to have a financial impact of about $6.3 billion, the cryptocurrency exchange said.
Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.
- 3
Polymarket Hit by Supply Chain Attack: Malicious Third-Party Script Found Draining Portfolios and Wallets (At Least $800k+ Stolen. FULL ANALYSIS)
Polymarket users were drained via a compromised third-party monitoring script, with at least $800k reported stolen; Polymarket halted trading.
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About 544,000 BTC moved on Nov 22, 2025 in 200 identical sweeps. It was Coinbase’s internal wallet migration, not new buyers
On-chain analysis: a 544,000 BTC move in 200 sweeps on Nov 22, 2025 was Coinbase's wallet migration, not new buyers.