Hacking News
Binance Hack Begins with $296M XRP Drain
A $6.36 billion Binance crypto exchange hack began with a $296 million XRP drain from Binance-linked wallets. The attack, which lasted at least 36 hours, involved the preparation of three rehearsal wallets and malicious Ethereum code. Most funds left Binance wallets within about 20 minutes, with transfers spanning 10 blockchains. The hack, uncovered by TRM Labs, started on October 28 and was executed on October 29.