Hacking News
Binance Hit by $6.3B Security Breach
Binance experienced a significant security breach on October 29, resulting in an estimated loss of $6.3 billion. The breach was attributed to a compromised DevOps engineer's laptop allowing unauthorized withdrawals. Major crypto players, including Tether and Circle, froze over $2.3 billion in assets in response. Investigations suggest a potential link between the Binance hack and a previous Bitget exploit, indicating the same attacker may be involved. Blockchain analysis traced stolen funds through various networks.