Binance Hackers Used Fake Recruiters to Get Inside Weeks Before Largest Crypto Theft on Record

TLDR Security Alliance (SEAL) says hackers had about eight weeks of access between September and October, while Binance dates the wider campaign to June. Circle froze 823 million USDC, and Sentora says DeFi lending saw a smaller withdrawal wave than after the Kelp DAO exploit. Elliptic traced about $124 million in Bitcoin converted from other stolen assets. Binance says it has replaced about 98% of affected assets. Insurers are asking more questions, but no crypto policy covers a loss this large. The $6.3 billion theft from Binance on Oct. 29 is the largest crypto heist on record.

Source: CoinCentral