Binance sees $6.36 billion outflow... Personal wallets also at risk from recovery phrases and signatures

Binance suffered a $6.36 billion outflow on October 29, with assets moved across 10 blockchains and most of the funds shifted within roughly 20 minutes, according to TRM Labs. The exchange’s incident report said the attacker installed malware on an employee’s computer through a fake job interview and then accessed an internal wallet-signing service. Binance said on November 4 that it had replenished about 98% of the affected tokens using its own funds, a figure reflecting its top-up rather than the share of stolen assets recovered from the hacker. The incident highlights that self-custody users also face risks from exposed recovery phrases, malicious signatures and physical threats.