Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies
Latest from DefiLlama Research
Classification: Key Compromise
Technique: Hot Wallet Key Compromised
On May 7, 2019, Binance's hot wallet private keys were compromised, resulting in theft of 7,000 bitcoin (~$40 million). The exchange halted transactions for one week and reimbursed all affected customers from its insurance fund.
Classification: Frontend & Infrastructure
Technique: Key Leaked via Infrastructure
On October 29, attackers exploited Binance’s operational infrastructure to execute unauthorized withdrawals across multiple blockchains, resulting in approximately $6.3 billion in losses. Binance’s preliminary investigation identified a potentially compromised DevOps engineer’s laptop that allowed access to a service container, with no evidence of wallet private key leakage. Approximately $3 billion in stolen assets were later frozen with help from industry partners. Binance committed to covering all losses using its SAFU fund and company reserves
Chains: Ethereum, Bitcoin, TRON, Avalanche, Optimism, Arbitrum, Base
The full story
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