Binance Hack Timeline: From $6.3 Billion Theft to Sunday Reopening Plan
Photo: CoinCentral
TLDR Hackers stole about $6.3 billion from Binance on Thursday, the largest crypto theft on record. Industry partners froze roughly $3 billion, and Binance says it will cover all losses with company funds. Attackers used Ethereum’s EIP-7702 feature to take control of a hot wallet, and TRM Labs linked the attack to North Korea’s TraderTraitor group. Binance found more breaches beyond a suspected compromised laptop and plans to reopen withdrawals in stages on Sunday. A proof-of-reserves report is due Monday. Hackers stole about $6.3 billion from Binance on Thursday. It is now the largest cryptocurrency theft on record.
Source: CoinCentral
