Skip to main content
727 Finance
English

Binance: A single compromised employee computer is only the starting point of an attack; attackers often use sophisticated methods to penetrate.

PANews, October 30 news: Binance employee sisi posted an explanation regarding the technical details of the security incident. She stated that a compromised employee computer was the starting point of the attack, but this was not an incident in which funds could be transferred just by breaching one computer; attackers often use sophisticated methods to penetrate, and the company has found important leads and taken measures to control the risk. This was not a case in which the attacker could complete the fund transfer simply by exploiting a certain engineer's permissions, nor was it the result of a single person's one-click operation. At this stage, the investigation has not attributed responsibility to any individual.

sisi reiterated that no evidence of wallet private key leakage has been found so far, user funds are safe, and all stolen losses will be fully covered by the SAFU fund and company funds. About $3 billion in affected assets have been frozen on-chain, and the company is cooperating with law enforcement agencies and blockchain intelligence institutions in the investigation. Deposits remain normal throughout, while withdrawals have been suspended as a precautionary measure and are expected to reopen within 48 hours. Going forward, progress will continue to be shared on the premise of ensuring the accuracy of the investigation, and detailed information and security hardening measures will be announced. According to previous news, Binance disclosed that the security incident may involve the compromise of a DevOps engineer's computer, no private key leakage has been found, and the estimated total loss is about $6.3 billion.

Related news

  1. FBI: North Korea behind over $6 billion Binance theft

    PANews November 1 news: According to the official website of the U.S. Federal Bureau of Investigation (FBI), the FBI announced that North Korea is responsible f...

  2. Analysis: Ethereum reorganization causes THORChain to pause, unexpectedly delaying the laundering of stolen Binance funds.

  3. SlowMist: Binance hack indirectly pushed up stETH yields, Lido's 7-day average APR rose to 4.2%

  4. Nasdaq-listed company NXTT considers selling $450 million in Bitcoin due to Binance hack and quantum risks.

    PANews October 31 news, according to CoinDesk, Nasdaq-listed software company Next Technology Holding (NXTT) said its board of directors has authorized the sale...

  5. Bitwise: The Binance hack will not affect Bitcoin's price, and the market is expected to recover within a week.