Hackers drained $6.3 billion from Binance: what we know

Summary

This AI summary uses the title, description and tags. It may miss context from the full video. How summaries are checked

Key points

1. Hackers took $6.3 billion from Binance, an amount the source describes as the biggest crypto heist in history.
2. Binance says it will cover every dollar of the loss from its SAFU fund and company reserves.
3. CoinDesk's reconstruction says one Binance wallet was hijacked through the Ethereum feature EIP-7702.
4. The attack involved 50 pre-signed permissions, and only one of them needed to land.
5. Binance's preliminary findings point to a compromised DevOps engineer's laptop.

Chapters

1. 00:00 The biggest crypto heist ever
2. 00:41 Binance's emergency fund
3. 02:14 How Binance covers the loss
4. 03:27 How EIP-7702 works
5. 04:15 Borrowed code, emptied wallet
6. 05:35 50 permissions, one lands
7. 06:38 How the attacker got in

Chapters come from the timestamps in the video description.

Questions

Related briefs

Image: Crypto Briefing

Hacks & Security BTC +0.7% BNB +1.3% Neutral

Binance resumes withdrawals in first phase after major hack

Binance started restoring withdrawals on November 1, 2026, with phase one opening between 06:00 and 09:00 UTC. The initial batch includes 15 networks such as Bitcoin, Ethereum, BNB Smart Chain and Solana.

CPCBTDUT 6 sources

5h ago

Image: Crypto.news

Markets XRP +0.5% BTC +0.7% Bearish

Crypto market liquidations top 1.5 billion dollars after exchange hack

Cryptocurrency markets suffered a major selloff following a reported security breach affecting $6.3 billion in assets at Binance.

CPCR 2 sources

1d ago

Image: U.Today

Exchanges ETH +1.0% BTC +0.7% Neutral

Binance pauses Ethereum network deposits and removes multiple trading pairs

Binance is temporarily pausing deposits and withdrawals on the Ethereum network for wallet maintenance. The exchange also plans to delist twelve spot trading pairs and ten margin trading pairs.

CPUT 2 sources

3d ago