Source: Crypto.news ↗
Binance hack: How one wallet trick led to a $6.3 billion breach
Translation unavailable. Please try again.
What the source reports
Binance hack investigation finds one of 50 Ethereum authorizations enabled a hot wallet breach, as the exchange reports $6.3 billion affected and $3 billion frozen.
Read the original report on Crypto.news ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss
On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.
Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower
Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.
EIP-7702 didn’t cause Binance hack, but may have amplified losses
Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.