Decrypt· Decrypt Staff·· 12h agoSelected
Binance hacked for $6.4 billion in largest crypto heist ever, CEO says
Original source: DecryptRead original
AI brief
Attackers stole roughly $6.4 billion from Binance on Thursday, the largest crypto hack in history, using a compromised DevOps engineer's laptop to access hot wallets across 10 blockchains. Binance says it will cover all losses with company funds and its emergency reserve, stating customer assets were never touched. The hack was attributed to North Korean group TraderTraitor, who used a self-destruct mechanism and EIP-7702 to drain assets.
Why it matters
This event represents the largest crypto heist to date, highlighting critical vulnerabilities in exchange infrastructure and the growing threat of state-linked hacking groups targeting major platforms.
Source: Decrypt · decrypt.co