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"This looks like one signature that gave the attacker a never-expiring, full-access token to a Binance hot wallet," he said, referring to cryptocurrency wallets that hold users' "private keys," or unique authorizations, digitally and which are connected to the internet.
The event, meanwhile, also raises questions about why stronger approval controls were not in place, said Kok Tin Gan, cofounder and CEO of cybersecurity firm NyxLab.