Fed and OCC assess Binance hack impact on US banks after $6.3B theft
Photo: The Cryptonomist
Following the $6.3 billion theft , US regulators have launched an investigation into how the Binance hack may have affected American banks, as concerns grew over security gaps extending beyond the crypto exchange itself. On Monday morning, officials from the Federal Reserve and the Office of the Comptroller of the Currency reached out to banks to inquire about any irregular activity or disruptions to services. Key takeaways The Fed and OCC are checking banks’ exposure to similar attacks. Binance described a five-month operation involving recruitment deception, malware and an internal AI tool.
Source: The Cryptonomist
