Hacking News
Binance Hack: $6.3B in Crypto Assets Stolen
Around $6.3 billion in crypto assets were reportedly stolen from Binance's hot wallets by the TraderTraitor group, linked to North Korea's Lazarus. $3 billion in stolen assets have been frozen, and $60 million USDT has been deposited into Aave with $44.6 million WETH borrowed. EIP-7702 was used to deploy a drainer contract, with a compromised DevOps laptop identified as the suspected entry point. Withdrawals have been suspended for up to 48 hours. Binance pledged to cover losses through SAFU and company funds. The estimated loss is equivalent to 4.7% of assets held in tracked Binance wallets. The market reacted negatively, with BTC, ETH, and BNB each dropping by 2%, 3%, and 6% respectively over 24 hours, compared to BTC's 10% daily drop during the FTX crisis.