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New Breach Points: Binance CEO Discloses Fresh Findings in $6.3 billion Hack
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Binance investigators uncovered additional breach points, bypassed approval controls, and evidence-destruction tactics in Thursday’s $6.3 billion hack, co-CEO Richard Teng said.
Key facts
- Of that, $5 billion was already held in affected tokens, including USDC, USDT, BTC, ETH, and BNB
- Binance investigators uncovered additional breach points, bypassed approval controls, and evidence-destruction tactics in Thursday’s $6.3 billion hack, co-CEO Richard Teng said
- Binance found additional breach points beyond the initially suspected engineer laptop while investigating the $6.3 billion hack, co-CEO Richard Teng said
- Cryptocurrency liquidations exceeded $1.54 billion following a Binance hack-related marketwide sell-off that disproportionately affected leveraged long positions. [key_takeaways] Key Takeaways:…
Summary
A self-destruct mechanism destroyed attack tools and traces, he said. Teng hoped withdrawals could resume within 40 hours, subject to testing. Binance found additional breach points beyond the initially suspected engineer laptop while investigating the $6.3 billion hack, co-CEO Richard Teng said. In a video shared on Oct. 30, he stated: “This was not carried out by one person.