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JL's avatar
JL 1 week ago
World's largest exchange hack in crypto history. Over $5.6 billion stolen: $1.45 billion $BTC $875 million $ETH $234 million $TRX $50 million $XAUT $1.57 billion $USDT $823 million $USDC $75 million $WBETH $88.5 million $RLUSD $447.5 million additional cryptocurrencies @Simon Dixon 29.10.26 #simondixon
ATTACKERS REPORTEDLY EXPLOITED ETHEREUM’S EIP-7702 TO DRAIN BINANCE WALLETS On-chain analysis suggests attackers obtained signed authorizations allowing them to install malicious code on Binance-linked wallets without directly accessing their private keys. The attackers then used a function called “sweep” to transfer ETH and dozens of tokens into an attacker-controlled wallet. The same delegated permissions were reportedly used to move another $780 million in USDC from a separate Binance hot wallet. The attacker’s transaction relayer was funded through Tornado Cash, while nearly 195,460 ETH was subsequently transferred to a newly created wallet. How the attackers obtained the authorizations remains unknown. Binance says user funds are safe and is investigating.
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