Binance Co-CEO Richard Ting on the hack of the platform: The attacker used a "self-destruct" mechanism that eliminated the tools and traces of the attack during its execution. We are currently working on rebuilding the withdrawal service, and will not run it again until it passes rigorous testing. We are conducting a comprehensive security review in all sectors of the company, including endpoints, cloud infrastructure, key management and digital signature processes. We will publish a full report on "Proof of Reserves" by Monday. The part affected by this incident is the hot wallet of the Binance platform itself. The attacker used a multi-signature protocol known as "EIP-7702" to get permission to make transactions on the chain using the hot wallet.

Binance Co-CEO Richard Ting on the hack of the platform: The attacker used a "self-destruct" mechanism that eliminated the tools and traces of the attack during its execution. We are currently working on rebuilding the withdrawal service, and will not run it again until it passes rigorous testing. We are conducting a comprehensive security review in all sectors of the company, including endpoints, cloud infrastructure, key management and digital signature processes. We will publish a full report on "Proof of Reserves" by Monday. The part affected by this incident is the hot wallet of the Binance platform itself. The attacker used a multi-signature protocol known as "EIP-7702" to get permission to make transactions on the chain using the hot wallet.