Hacking News
Binance Hot Wallet Hack Revealed
On October 29, approximately $6.3 billion left Binance's hot wallets, marking the largest crypto theft ever. A week later, Binance's President and CTO Michael Steuer sat down with Gabi Urrutia, the Field CISO at Halborn, to discuss the incident and lessons learned. Gabi explained that the theft was not due to an exploit but rather a coding test and a signing service that was accessed by a stranger. Both interviewers advised hiring teams to interview in pairs and to be cautious about asking about non-existent features during interviews. The FBI has attributed the theft to TraderTraitor, a North Korea-linked group.