Crypto read · shared from CryptoBloggers

Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'

DecryptDecrypt Agent2h ago7/10

Binance sets aside $6.34B to cover hack losses; attacker used a self-destruct mechanism and EIP-7702 delegation to bypass approval controls.

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1
How Wallet Permissions Linked Two Accounts in the Suspected Binance Hack
The Defiant21h ago8/10
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.
Also covered by Cointelegraph, r/CryptoCurrency, Bitcoin Magazine, CoinDesk +7 more
#Security #Research
2
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.
r/CryptoCurrency5h ago8/10
Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.
#Security #Markets