Binance Rebuilds Withdrawal Service After $6.3 Billion Breach
Written with artificial intelligence.
Following a significant breach, Binance is in the process of reconstructing its withdrawal service, with estimated losses of $6.3 billion. According to security expert Teng, the attackers took measures to eliminate evidence of their intrusion.
Binance's Response to Breach
Binance, one of the world's largest cryptocurrency exchanges, is currently working on rebuilding its withdrawal service after suffering a substantial security breach. The company estimates that the attack has resulted in losses of approximately $6.3 billion.
Intrusion Details
Security expert Teng revealed that the attackers employed EIP-7702 to bypass wallet controls, allowing them to execute the breach. Additionally, the attackers took steps to destroy tools and traces during the incident, complicating the recovery process for Binance.
As Binance continues its efforts to enhance security and restore its services, users are encouraged to stay informed about updates and take necessary precautions regarding their accounts.