How Did They Breach Binance? Behind the Billion-Dollar Attack Emerged a Business Meeting Trap

Binance disclosed that the attack affecting $6.34 billion in assets on October 29 originated from a fake job interview lure set up for an engineer in September, according to its initial incident report as relayed by Wu Blockchain. The report details how attackers used the recruitment ruse to penetrate the exchange's internal systems. The incident matters because it exposed a social-engineering vector at the world's largest crypto exchange rather than a flaw in on-chain protocol code. What to watch next is Binance's fuller post-mortem and any remediation of internal access controls.