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TRM Labs says Binance attacker spent 36 hours preparing massive hack

TRM Labs says Binance attacker spent 36 hours preparing massive hack

Photo: The Currency Analytics

Community Trust Score Likely Real 79 % Real Likely Real 47 votes Updated 6 minutes ago TRM Labs, a blockchain intelligence firm, reported on Oct. 29 that the attacker responsible for the $6.36 billion hack of Binance spent at least 36 hours preparing the operation before execution. The investigation details a sequence of events that began on Oct. 28, when the attacker initiated the preparatory phase, culminating in coordinated transfers across 10 different blockchains the following evening. According to the investigation, the preparatory phase lasted a minimum of 36 hours. The attacker began this process on Oct. 28.

Source: The Currency Analytics

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