Binance is back in business after the largest crypto market hack in history Two days after the hacker attack, the leading crypto exchange has replaced 95% of the stolen assets from its reserves and insurance funds. The site recovered relatively quickly: it is not for nothing that Binance is the largest in the world in terms of volume of activity, its market share remains stable at 40%. The stock market is profitable enough to survive even such a severe cyber attack. Moreover, the assets were stolen from the operational "hot" wallet of the platform itself, and not from personal wallets of customers. Binance said the attack involved the hacking of an employee's laptop and malware that destroyed traces. According to one version, a technical innovation in Ethereum, created for reasons of convenience, became a security hole. Asset manager, founder of the stable cryptocurrency platform Stagnation. Neto Grigory Klumov explains: Most users did not even know that now one signature can give unlimited rights to all tokens in the wallet. The problem is the lack of publicity of the 2025 upgrade and the untold risks - traditional protections and monitoring simply did not track such a transaction, and the theft was not immediately noticed. A series of attacks this year has fueled fears that artificial intelligence is making hacking more efficient: hundreds of millions were stolen from Bitget in September, and ledger devices were compromised during shipment in October. Previous big break -. Babbitt early last year for $1.5 billion. The FBI believes both Babbitt and Binance were attacked by the North Korean group Lazarus with its characteristic style of social engineering and fake recruitment. RTM Group Director Evgeniy Tsarev notes: Zero-day vulnerabilities used to be rare, but now they are found every day using modern AI models. The gap between discovering a vulnerability and exploiting it was reduced from 60 days to a few hours.

Binance is back in business after the largest crypto market hack in history Two days after the hacker attack, the leading crypto exchange has replaced 95% of the stolen assets from its reserves and insurance funds. The site recovered relatively quickly: it is not for nothing that Binance is the largest in the world in terms of volume of activity, its market share remains stable at 40%. The stock market is profitable enough to survive even such a severe cyber attack. Moreover, the assets were stolen from the operational "hot" wallet of the platform itself, and not from personal wallets of customers. Binance said the attack involved the hacking of an employee's laptop and malware that destroyed traces. According to one version, a technical innovation in Ethereum, created for reasons of convenience, became a security hole. Asset manager, founder of the stable cryptocurrency platform Stagnation. Neto Grigory Klumov explains: Most users did not even know that now one signature can give unlimited rights to all tokens in the wallet. The problem is the lack of publicity of the 2025 upgrade and the untold risks - traditional protections and monitoring simply did not track such a transaction, and the theft was not immediately noticed. A series of attacks this year has fueled fears that artificial intelligence is making hacking more efficient: hundreds of millions were stolen from Bitget in September, and ledger devices were compromised during shipment in October. Previous big break -. Babbitt early last year for $1.5 billion. The FBI believes both Babbitt and Binance were attacked by the North Korean group Lazarus with its characteristic style of social engineering and fake recruitment. RTM Group Director Evgeniy Tsarev notes: Zero-day vulnerabilities used to be rare, but now they are found every day using modern AI models. The gap between discovering a vulnerability and exploiting it was reduced from 60 days to a few hours.