THE BLOCK · 2026-10-30 21:20 UTC

Inside the largest crypto hack on record: How attackers breached Binance for $6.3 billion

Binance suffered a $6.3 billion hack on Thursday, the largest crypto hack on record, with investigators attributing it to North Korean hackers who exploited internal systems and hot-wallet signing mechanisms. The attackers compromised a DevOps engineer's laptop and service container, then used sophisticated techniques including EIP-7702 on Ethereum and pre-signed authorizations to move funds across multiple blockchains. Binance plans to publish a proof-of-reserves report by Monday and restore withdrawals; investigators from Chainalysis, Elliptic, and TRM linked the attack to North Korean…

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