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Binance Reveals How Hackers Breached Wallets for $6.3B Attack

BSCN avatar BSCN
1 min read
Binance Reveals How Hackers Breached Wallets for $6.3B Attack

Binance disclosed that hackers gained access to its wallet systems through a months-long operation beginning in June. An engineer downloaded corrupted software while searching for an AI coding tool, giving attackers entry. On October 20, intruders used the compromised machine and an internal AI system to control two developers' accounts. On October 29, they executed unauthorized transactions moving 233.46 million XRP, 970,500 SOL, 44.2 million OP and 18,270 BTC from five hot wallets within minutes.

The exchange froze $2.85 billion by November 3 and says it will cover all user losses. Binance rebuilt affected systems, replaced compromised equipment and expanded security measures. The FBI attributes the breach to North Korean actors, though Pyongyang denies involvement.

Read the full story on BSC News: Binance Details $6.3 Billion Hack: Fake Job Interviews, Malware and Internal AI Tool Abuse

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