CryptoCointelegraphabout 1 hour ago
Binance Hack Exposes Hot Wallet Risks
3 min read
Binance co-CEO Richard Teng stated on Oct. 30 that attackers accessed an internal wallet-signing service to drain $6.3 billion from the exchange's hot wallet. Experts note blockchain records show repeated drains but cannot verify internal signing controls or transaction limits, leaving questions about how the exchange managed its safeguards against the breach.
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