About Contact

$6.3 Billion Binance Hack: Unraveling the Sophisticated Scheme Behind the Crypto Heist

$6.3 Billion Binance Hack: Unraveling the Sophisticated Scheme Behind the Crypto Heist

How the Binance hack happened
How the Binance hack happened

Binance has revealed new details on a record-breaking hack that hit the company last week

Hackers Paid $15 to Drain $2.5 Billion From Binance in One Hit

The hackers who stole $6.3 billion from Binance last week found a way to take 40% of the stolen cryptocurrency in one hit, reducing their chances of being caught in the act, and it cost them just $15.

Binance Hack Funds Flow to Chinese Launderers, Chainalysis Says

Hackers behind the $6.3 billion theft from Binance Holdings Ltd. are moving some of the stolen cryptocurrency through Chinese money-laundering networks, according to the blockchain analytics firm...

What is TraderTraitor, the hacking squad behind the $6.3 billion Binance heist?
What is TraderTraitor, the hacking squad behind the $6.3 billion Binance heist?

The hacking group has been behind some of the crypto industry's most recent high-profile thefts.

Are Users Returning? Binance Gains $3.4B in Tracked Assets After Hack
Are Users Returning? Binance Gains $3.4B in Tracked Assets After Hack

Gate's tracked assets slipped to $5.943 billion, and Bitstamp barely moved, so not every major rival gained ground.

Record hack on Binance raises questions over security, shakes investor confidence
Record hack on Binance raises questions over security, shakes investor confidence

But crypto can still be a viable investment for those who understand the risks and manage them well.

Binance says hackers who stole billions in crypto spent months planning heist
Binance says hackers who stole billions in crypto spent months planning heist

The hackers who stole billions of dollars in cryptocurrency from the Binance exchange spent months working on the theft and used both social engineering and novel malware in the process, the...

Binance Hack Used Social Engineering, Malicious Code

Suspected North Korean theft of $6.34bn came after months-long campaign that made use of compromised software, fake job interviews

Hackers used fake job interviews to stage $6.3bn Binance heist
Hackers used fake job interviews to stage $6.3bn Binance heist

Perpetrators laid groundwork for months before ultimately staging the attack last week.

Binance hack exposes limits of crypto exchanges’ emergency shutdown controls
Binance hack exposes limits of crypto exchanges’ emergency shutdown controls

Binance is calling it a "sophisticated, multi-stage campaign" and "not a single isolated breach or a simple phishing incident."

Binance’s Spot Market Share Drops to 42% After $6.3B Hack as OKX Gains
Binance’s Spot Market Share Drops to 42% After $6.3B Hack as OKX Gains

Binance's own asset estimate stood at $157 billion on Monday, down from $171 billion.

After Historic Binance Hack, South Korea Considers 99% Cold Wallet Rule for Crypto Exchanges
After Historic Binance Hack, South Korea Considers 99% Cold Wallet Rule for Crypto Exchanges

While a tougher cold storage rule could protect customer assets from hackers, smaller exchanges may struggle to process withdrawals quickly.

US Bank Regulators Scrutinize Security Measures Following Binance Hack and New Guidelines

Fed, OCC check US banks after Binance hack as experts flag security risks
Fed, OCC check US banks after Binance hack as experts flag security risks

US regulators reportedly contacted banks following last week’s $6.3 billion Binance security hack, while experts raised concerns about transaction security and crypto risks.

Fed and OCC Review US Banks After Binance Breach; Experts Cite Security Gaps
Fed and OCC Review US Banks After Binance Breach; Experts Cite Security Gaps

US regulators have reportedly reached out to banks after last week’s Binance hack, according to Reuters—an episode regulators and cybersecurity specialists say is forcing closer scrutiny of how...

Bank regulators phone lenders after Binance hack as new guidelines take effect
Bank regulators phone lenders after Binance hack as new guidelines take effect

Federal Reserve and OCC supervisors started calling U.S. banks to check for vulnerabilities after the $6.3 billion Binance hack. On the same day the calls started, a new OCC and FDIC rule took...

CZ Pardon Faces New Democrats Scrutiny A Week After $6.3B Binance Hack
CZ Pardon Faces New Democrats Scrutiny A Week After $6.3B Binance Hack

Democrats revisit CZ pardon after Binance experienced a major hack, putting the founder’s influence and exchange security under scrutiny.

Inside the $6 Billion Binance Hack: How Fake Job Interviews and Cybersecurity Failures Shook the Crypto World

The $6.3 billion Binance hack should change how we think about cybersecurity
The $6.3 billion Binance hack should change how we think about cybersecurity

"The Binance hack may be remembered for the billions that were stolen," writes Blockaid CEO Ido Ben-Natan, "but its longer-term impact could be the changes it forces across the financial industry."

A $6 Billion Hack Puts Crypto’s Wall Street Rebellion on Trial

For years, the digital-asset industry has sought to shake up finance by stripping away the intermediaries, delays and controls that govern the movement of money on Wall Street. The pitch: faster...

$6 billion Binance hack started with a fake job interview
$6 billion Binance hack started with a fake job interview

Binance is now sharing more information about the major hack that resulted in $6.3 billion being stolen from the crypto exchange last week.The cryptocurrency company previously called the incident...

Binance reveals hackers used fake job interviews, malicious code in $6 billion heist
Binance reveals hackers used fake job interviews, malicious code in $6 billion heist

Around $2.85 billion of the stolen $6.34 billion has been frozen, Binance said, meaning that the attackers could not use it or convert it to another currency

Coverage dates

First reported:

First saved on ClustZ:

Coverage updated:

We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.