Binance Details $6.34 Billion Hack Linked to Social Engineering and Malware
Binance has released an incident report regarding a massive security breach on October 29 that resulted in the theft of approximately $6.34 billion in digital assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Optimism (OP). The FBI has attributed the attack to North Korean actors. The breach was executed through a multi-stage social engineering campaign involving tampered developer tools and fake job offers that deployed undetected malware onto employee workstations. The attackers successfully gained access to internal transaction approval services, allowing them to drain Binance's hot wallets. In response, Binance stated it has set aside funds exceeding 100% of the stolen amount to ensure users do not bear the loss, reporting that 98% of affected tokens were replaced by October 31. Approximately $2.85 billion of the stolen assets have been frozen or intercepted so far.
Topics: Binance cryptocurrency hack cyberattack digital asset theft North Korea
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