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Binance Hack Timeline: How a Fake Coding Test Gave Hackers Wallet Access

Binance Hack Timeline: How a Fake Coding Test Gave Hackers Wallet Access

Photo: CoinCentral

TLDR Binance says the Oct. 29 hack grew from a months-long campaign that began in June. An engineer installed a tampered software package, and another took a fake coding test. Hackers reached the wallet-signing service and moved funds outside normal withdrawals. About $6.3 billion was affected, and Binance says it replaced 98% of affected tokens by Oct. 31. The FBI blames North Korea, while Kim Yo Jong denies any role. Binance has released a postmortem on the $6.3 billion theft from its wallet system. The exchange says the attack was not a single mistake.

Source: CoinCentral

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