ReportedresponseStatement 111
A Binance spokesperson told Cointelegraph on Thursday that the exchange was investigating reports of a potential security issue but had not confirmed any impact on user funds.
Cointelegraph reported that a Binance spokesperson said on Thursday that the exchange was investigating reports of a potential security issue and had not confirmed any impact on user funds.
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ReportedamountStatement 117
Cointelegraph reported that Blockaid said it had identified roughly $3.3 billion in suspicious transfers involving Binance-linked wallets across Ethereum, Arbitrum and Avalanche.
Blockchain security firm Blockaid said its team had identified roughly $3.3 billion in suspicious transfers involving Binance-linked wallets across Ethereum, Arbitrum and Avalanche.
ReportedfreezeStatement 115
Cointelegraph reported that Circle CEO Jeremy Allaire said Circle had frozen more than $800 million in USDC in coordination with law enforcement.
Circle CEO Jeremy Allaire said the company had frozen more than $800 million in USDC in coordination with law enforcement and would continue supporting the investigation.
Reportedroot causeStatement 340
Cointelegraph reported that Richard Teng said the attacker used a self-destruct mechanism to destroy tools and traces, complicating the investigation.
Teng also disclosed that the attacker used a “self-destruct mechanism” to destroy tools and traces during the breach, complicating the investigation.
ReportedwithdrawalsStatement 135
Cointelegraph reported that co-CEO Richard Teng said Binance was aiming to resume withdrawals within 40 hours and publish a full proof-of-reserves report by Monday.
Binance is aiming to resume withdrawals within 40 hours and publish a full proof-of-reserves report by Monday, co-CEO Richard Teng [said]
Reportedroot causeStatement 134
Cointelegraph reported that co-CEO Richard Teng said the attacker used an EIP-7702 delegation to gain execution authority over a hot wallet, and that the delegation did not pass through Binance's normal approval controls.
The attacker used an EIP-7702 delegation to gain execution authority over a hot wallet, Teng said. That delegation “did not pass through our normal approval controls.”