[ HASHMINUTES | SECURITY ]
BINANCE HIT BY A MASSIVE HACK, WITH AN ESTIMATED $5.8B–$6B DRAINED FROM HOT WALLETS ACROSS M | Hanami
[ HASHMINUTES | SECURITY ]
BINANCE HIT BY A MASSIVE HACK, WITH AN ESTIMATED $5.8B–$6B DRAINED FROM HOT WALLETS ACROSS MULTIPLE BLOCKCHAINS ON OCTOBER 29.
ATTACK TIMELINE (UTC):
· 20:20: ATTACKER USES EIP-7702 TO DELEGATE BINANCE HOT WALLET 14 TO MALICIOUS CODE.
· 20:24: 167,464 $ETH AND 63 TOKENS, INCLUDING 1.615B $USDT, DRAINED IN A SINGLE TRANSACTION.
· 20:25: ANOTHER 28,005 $ETH MOVED FROM BINANCE HOT WALLET 16.
· 20:41: ATTACKER DRAINS $780M $USDC FROM HOT WALLET 34, FOLLOWED BY ANOTHER $43M.
· 20:57: ATTACKER DEPOSITS $60M $USDT INTO AAVE AND BORROWS NEARLY 19,762 $ETH.
· 21:01 ONWARD: TETHER, CIRCLE AND OTHER ISSUERS BEGIN FREEZING STOLEN ASSETS.
· LATER: BINANCE REMOVES THE MALICIOUS DELEGATION AND TEMPORARILY SUSPENDS WITHDRAWALS FOR SECURITY CHECKS.
AROUND $3B IN ASSETS HAS BEEN FROZEN SO FAR, WHILE THE REMAINING FUNDS CONTINUE TO BE TRACKED.
BINANCE SAYS CUSTOMER FUNDS ARE SAFE. AND USERS WILL BE REIMBURSED IN FULL.
Retweeted by @OnchainLens from @hashminutes