Blockaid: Binance hackers stole ~$2.5B, or 40% of the $6.3B haul, in a single Ethereum transaction using wallet permissions that cost just $15 to set up (Sidhartha Shukla/Bloomberg)
Attackers targeting Binance managed to drain approximately $2.5 billion through a single transaction on the Ethereum network. According to findings from cybersecurity firm Blockaid, this specific movement made up about 40% of an overall $6.3 billion haul. The perpetrators carried out the historic digital theft by taking advantage of compromised wallet permissions. Remarkably, establishing the exact permissions needed for the exploit cost the attackers only $15.
Key points
Hackers targeted Binance to siphon billions of dollars using compromised wallet permissio…: Hackers targeted Binance to siphon billions of dollars using compromised wallet permissions.
A substantial portion of the broader $6.3 billion theft occurred in a single transfer.: A substantial portion of the broader $6.3 billion theft occurred in a single transfer.
The attackers required an investment of only $15 to set up the permissions that enabled t…: The attackers required an investment of only $15 to set up the permissions that enabled the theft.
Sources checked by our analysis pipeline: 1
Natalia Kniazhevich / Bloomberg: |
Jada Nagumo / Nikkei Asia: |
Thinking Machines Lab: |
Emma Roth / The Verge: |
Djohnson / CyberScoop: |
Davey Alba / Bloomberg: |
Wall Street Journal: |
Tiffany Li / The Information: |
New York Times: |
Matthias Bastian / The Decoder: |
Radhika Rajkumar / ZDNET: |
Reuters: |
Wall Street Journal: |
Dina Bass / Bloomberg: |
Kelly Cloonan / Wall Street Journal: |
Meghan Bobrowsky / Wall Street Journal: |
Jay Peters / The Verge: |
Bloomberg: |
Jonathan Stempel / Reuters: |
Elias Schisgall / Wall Street Journal: |
Business Insider: |
Emma Roth / The Verge: |
Reuters: |
Tom Warren / The Verge: |
The Information: |
Financial Times: |
Joel Khalili / Wired: |
Nieman Lab: |
Manya Saini / Reuters: |
Sidhartha Shukla / Bloomberg: |
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