Clip highlight: Co-CEO of Binance: attackers used self-destruction mechanisms, making the breach harder to trace. Co-CEO of Binance: attackers used self-destruction mechanisms, making the breach harder to trace. Co-CEO of Binance, Richard Tang, updated the investigation on the $6.3 billion breach on October 30, and said that several people were involved. Researchers initially suspected a compromised laptop but later found other entry points. The attackers used self-destruction mechanisms to delete tools and traces, complicating the investigation. Tang said they used EIP-7702 to gain on-chain execution authority on a hot wallet without going through Binance's usual approval controls. Binance paused the continuations to rebuild and test its systems, focusing on recovery within 40 hours. It is also working with law enforcement authorities to locate and recover stolen funds. - Link.

Clip highlight: Co-CEO of Binance: attackers used self-destruction mechanisms, making the breach harder to trace. Co-CEO of Binance: attackers used self-destruction mechanisms, making the breach harder to trace. Co-CEO of Binance, Richard Tang, updated the investigation on the $6.3 billion breach on October 30, and said that several people were involved. Researchers initially suspected a compromised laptop but later found other entry points. The attackers used self-destruction mechanisms to delete tools and traces, complicating the investigation. Tang said they used EIP-7702 to gain on-chain execution authority on a hot wallet without going through Binance's usual approval controls. Binance paused the continuations to rebuild and test its systems, focusing on recovery within 40 hours. It is also working with law enforcement authorities to locate and recover stolen funds. - Link.