Binance-hacker-1029 – $5.6B stolen from Binance

EGreg

how do we know? it could be nonsense...

Tiberium

About $2.4 billion out of this is already frozen by Circle and Tether. Some of the big ones: - 971.15M USDT (Ethereum): https://etherscan.io/tx/0x7baba482077843514d9c72bac0110ba091... - 823M USDC (Ethereum): https://etherscan.io/tx/0xc954c86f118e8e410e6a3eb9e3b38ff4a9... - 312.73M USDT (Tron): https://tronscan.org/#/transaction/71b0ec0fe873fe820c37cc3ec... - 175M USDT (Ethereum): https://etherscan.io/tx/0x0c07a5e428ce233a3bcb40f257ad899594...

ChoosesBarbecue

Molly White (she runs web3isgoinggreat) seems to think this is real [0] [0]: https://bsky.app/profile/molly.wiki/post/3mz27m5slcc2o

EwanToo

https://x.com/binance/status/2115918888429133902?a=jScJVx4TN...

rwmj

I thought the point of crypto was no takesies-backsies?

nodesocket

Crypto is the biggest target for blackhats to utilize AI on. Huge amounts of money, no central authority or country and methods of wiping tracks. What I never get is how they plan of converting the stolen crypto to cash eventually. No exchanges are gonna take the coins.

chairhairair

So much for anti-centralization.

darkwi11ow

The hack is publicized for at least a hour, but from reporting I saw they still continue to drain funds as for now. I wonder why large CEX do not have any safety measures for this kind of hacks, they could withdraw everything to newly generated wallets and minimize damage that way. It is certainly not the first time CEX wallets get hacked.

glimshe

At least they are safe from governments and their "fiat money"!

Jupe

Crypto is a real-life honey pot for cryminals.

vldszn

Polymarket also reported a security incident: https://news.ycombinator.com/item?id=50295883

schleck8

If your crypto was stolen in this, atleast you can rest assured that your money will be put to good use. In North Korea that is, by the military. I'm sure at this point Kim himself has Bitcoin merchandise with how often they make massive heists

dickfickling

So, what's the most likely outcome here? Maybe Circle/Tether/etc freeze some or most of it, but say the hacker gets a billion dollars. Are they able to launder it thoroughly enough that they can eventually turn it into fiat and live like a king?

motionlessveloc

CZ has confirmed that this "looks like a hack on Binance": https://www.fxstreet.com/cryptocurrencies/news/breaking-bina...

ReptileMan

Please let it be rogue AI agents for maximum lulz.

zetanor

Not your keys, not your coins, I suppose.

Oarch

RIP cryptography?

K0IN

Claude I want to be a billionaire fast, make no mistakes.