FORTUNE · 2026-11-13 13:40 UTC

The weaknesses that cost Binance $6.3 billion are already hitting Europe's banks

Hackers drained $6.3 billion from Binance on October 29 using fake job interviews to get aengineer to download malware, and the FBI has seized $1.2 billion of the stolen crypto. Less than a week later, French lender Crédit Mutuel Arkéa disclosed roughly €100 million ($112 million) was taken, with hackers using the bank's own account after gaining access through a service provider. Experts quoted say the same weaknesses, such as third-party suppliers, privileged staff access and aging IT, are present at traditional banks, which have some advantages like DORA rules and the ability to reverse…

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