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The $3 Billion Kill-Switch: Inside the $6.4B Binance Heist—and Why Only Bitcoin Is Real Bearer Money.

r/CryptoCurrency/u/sylsau7h ago6/10

Analysis of the October 29 Binance hack, which drained about $6.36B across 10 chains without leaked private keys, framed as a stress test of crypto custody.

#Security#Bitcoin
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  1. 1

    'Elite North Korean hackers' blamed for $6.3B Binance hack

    theguardian.com1d ago8/10

    Attribution of the $6.3B Binance hack to North Korean TraderTraitor hackers, the largest theft story of the moment.

    Also covered by Galaxy Research
    #Security
  2. 2

    Binance hit by $5.8B hack as Tether and Circle freeze billions

    Cointelegraph2d ago9/10

    Binance is investigating a multibillion-dollar hot wallet breach, with Tether and Circle freezing over $2.36B in stablecoins; the figures are still shifting.

    Also covered by Protos, CoinDesk, Decrypt, Chainalysis +6 more
    #Security#Stablecoins
  3. 3

    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/CryptoCurrency23h ago8/10

    Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.

    #Security#Markets
  4. 4

    18,270 BTC left a Binance hot wallet in one transaction, and no one can freeze it. Censorship resistance cuts both ways, and so does "not your keys"

    r/Bitcoin1d ago8/10

    On-chain tracing via TRM Labs shows 18,270 BTC left a Binance hot wallet in one transaction, and the BTC cannot be frozen, unlike stablecoins. A sharp look at censorship resistance.

    #Security#Bitcoin
The $3 Billion Kill-Switch: Inside the $6.4B Binance Heist—and Why Only Bitcoin Is Real Bearer Money. · CryptoBloggers