Binance detailed the hack of October 29, estimated at $6.34 billion and attributed to North Korea by the FBI despite Kim Yo Jong’s denial. The attack exploited unauthorized access to an internal signing service to take control of five hot wallets and transfer 233.46 million XRP, 970,500 SOL, 44.2 million OP and 18,270 BTC to addresses controlled by the attacker. Suspending withdrawals, revoking authorizations on Ethereum through EIP-7702 and coordinating with several partners allowed the platform to freeze $2.85 billion in assets. Binance says the operation, prepared since June, combined fake job interviews, malicious software, compromised artificial intelligence tools and compromised workstations, and it has commissioned a full independent cybersecurity review.
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