Kubeysi's letter was translated from English.
New details on how the $6.3 billion Binance hack apparently happened: According to initial reports, hackers compromised a Binance engineer's laptop, gaining access to internal systems used to authorize withdrawals. The attackers then: 1. Binance Hot Wallet Hijacked Using EIP-7702 Ethereum 2 Mechanism. Wallet transactions are redirected to a malicious smart contract 3. Moved billions of crypto to attacker controlled wallets 4. They spread the stolen funds across multiple wallets and converted some assets to ETH to avoid freezes The attack unfolded across multiple blockchains, with most of the funds depleted in about 20 minutes. ~$3 billion of those funds have now been frozen, and Binance says it will cover all unrecovered hacking losses. The full investigation is still ongoing. Rate this translation:
12:34 October 30, 2026.