🏴 Binance's Record Hack

Binance says it will cover the $6.3 billion loss. Here's what we know about the attack, and what to watch before withdrawals reopen.
This is the summary Bankless publishes in its feed. The full article lives on their site.

Binance says it will cover the $6.3 billion loss. Here's what we know about the attack, and what to watch before withdrawals reopen.
This is the summary Bankless publishes in its feed. The full article lives on their site.
Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.
The onchain investigator says the attack ran for several days and the true loss may be larger once over-the-counter trades are counted; the bank has not commented publicly. The post...
The Binance attackers moved most of the stolen SOL and continued laundering funds through THORChain after the protocol resumed swaps.
ZachXBT said he has a 'high degree of confidence' that the attacker is not associated with North Korea's Lazarus Group.
Bitquery traced about $391,000 in outflows mostly from BitMart-linked wallets to an address used in the Mercado Bitcoin attack.
Nearly 10 weeks after the MAMO exploit, Unchained's read of the Base contract shows almost no cbBTC left to withdraw against about $4.56 million in loans, and a formal request for a plan...