Fed and OCC check US banks after $6.3B Binance hack as security risks emerge
US regulators including the Federal Reserve and OCC contacted banks following last week's $6.3 billion Binance hack, asking about unusual activity or service disruptions. Banks are reviewing their systems to assess exposure to similar threats. Binance said about $6.34 billion in digital assets were affected in the October 29 attack, with $2.85 billion frozen or intercepted. Cybersecurity experts warn traditional banks offering crypto custody and payment services face similar risks.
The report reveals that the Federal Reserve and OCC proactively contacted U.S. banks after a major crypto hack, highlighting crypto-asset security, financial regulation, and banking sector risk with industry reference value.
- Who
- Fed, OCC
- What
- The Fed and OCC are checking US banks after a Binance hack, as experts flag security risks.
The report notes that experts are flagging security risks as the Fed and OCC check US banks following the Binance hack.
Source: Cointelegraph · cointelegraph.com
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