Radar Telegram alerts Open Radar

The largest crypto exchange Binance has been hacked. The damage from the hack, probably the largest in history, amounted to 6.3 billion dollars. Hackers broke into the large crypto exchange Binance on the night of October 30, as the prediction exchange Polymarket observed, from whose account 2.6 million dollars were stolen. Later, information about the hack was confirmed by the co-founder of Binance Changpeng Zhao. According to preliminary data, about $6.3 billion was withdrawn from the crypto exchange, the platform's press service said. Zhao stated that user funds are safe. The company has a reserve fund, a secured assets fund for users, for emergencies of this type. As a rule, about a billion dollars are stored in it, but in the past the volume of funds changed according to the market situation. The CEOs of companies that issue ties and circles, cryptocurrency pegged to the dollar, talked about freezing 2.37 billion dollars. They also track the movement of the stolen funds. Binance has suspended all withdrawals on its platform, company founder Yi Hee said. The exchange is expected to allow withdrawals again within 48 hours. Cryptocurrency rates fell amid news of the Binance hack. On the morning of October 30, Bitcoin fell by 1.79%, it traded at $78,424.94, Ethereum fell by 3%, its price is $2,241.55. During the initial investigation, Binance determined that the hack was possible due to a compromised laptop belonging to a DevOps engineer. TRM Labs, an analytics company specializing in blockchain, suggested that the elite hacking unit Traderbug from North Korea was behind the hack. According to TRM Labs, hackers began preparing for a large-scale withdrawal of funds 36 hours before the hack. They managed to connect to an Ethereum wallet - an internet-connected account that the exchange uses to withdraw customer funds - and ordered it to transfer all available funds to the attackers' address.

תרגם לעברית

Важные истории · · Source

🇰🇵 North Korea · Map

The largest crypto exchange Binance has been hacked. The damage from the hack, probably the largest in history, amounted to 6.3 billion dollars. Hackers broke into the large crypto exchange Binance on the night of October 30, as the prediction exchange Polymarket observed, from whose account 2.6 million dollars were stolen. Later, information about the hack was confirmed by the co-founder of Binance Changpeng Zhao. According to preliminary data, about $6.3 billion was withdrawn from the crypto exchange, the platform's press service said. Zhao stated that user funds are safe. The company has a reserve fund, a secured assets fund for users, for emergencies of this type. As a rule, about a billion dollars are stored in it, but in the past the volume of funds changed according to the market situation. The CEOs of companies that issue ties and circles, cryptocurrency pegged to the dollar, talked about freezing 2.37 billion dollars. They also track the movement of the stolen funds. Binance has suspended all withdrawals on its platform, company founder Yi Hee said. The exchange is expected to allow withdrawals again within 48 hours. Cryptocurrency rates fell amid news of the Binance hack. On the morning of October 30, Bitcoin fell by 1.79%, it traded at $78,424.94, Ethereum fell by 3%, its price is $2,241.55. During the initial investigation, Binance determined that the hack was possible due to a compromised laptop belonging to a DevOps engineer. TRM Labs, an analytics company specializing in blockchain, suggested that the elite hacking unit Traderbug from North Korea was behind the hack. According to TRM Labs, hackers began preparing for a large-scale withdrawal of funds 36 hours before the hack. They managed to connect to an Ethereum wallet - an internet-connected account that the exchange uses to withdraw customer funds - and ordered it to transfer all available funds to the attackers' address.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram