TIMES OF INDIA · 2026-11-07 10:15 UTC

As $2.5 billion transferred from Binance in single transaction; how it cost hackers just $15; the massive cryptocurrency theft's 'big shock'

Attackers paid about $15 in Ethereum gas fees to authorise their own software to control the Binance 14 hot wallet, which did not itself move any crypto. About three and a half minutes later, their software executed a single transfer of roughly $2.5 billion, including 167,464 Ether, over 60 other tokens and about $1.6 billion in Tether. Binance said the breach began when an engineer downloaded malicious code from a fake job posting; the article says the wider theft drained an estimated $6.3 billion and the FBI tied it to North Korea.

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