Binance Co-CEO Says Attackers Used Self-Destruct Tools to Hide $6.3B Hack Traces
Exchanges
Security
Binance
Binance Hack
crypto security
EIP-7702
Exchange hack
Hot Wallet
Proof of Reserves
Richard Teng
TLDR: Teng said multiple people took part in the roughly $6.3 billion Binance hack disclosed on October 30. Self-destruct mechanisms erased the attackers’ tools and traces, making the hack harder to trace. Attackers used EIP-7702 to gain on-chain authority over a hot wallet, bypassing approval controls. Binance targets withdrawal restoration within 40 hours and a [...]
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Source: Source: Blockonomi