How Hackers Stole $6.3 Billion From Binance: A Five-Month Plot Revealed
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Binance co-CEO Richard Teng said hackers behind a record $6.3 billion theft spent months infiltrating the exchange, rejecting claims that a single compromised laptop was to blame. Speaking to CNBC, Teng said the attack began in June when a wallet DevOps engineer installed a tampered version of Homebrew found through an online search. The disclosure reframes the incident as a sustained five-month campaign rather than an isolated breach. It matters because the scale—$6.3 billion—makes it one of the largest crypto thefts on record and puts exchange operational security and third-party software supply chains under scrutiny. What to watch next: Binance’s remediation steps, any recovery or reimbursement plans, and whether regulators or auditors demand changes to exchange wallet infrastructure.
Muhabbit's AI wrote this summary in its own words from Coinpedia's report. It can get details wrong, so check the source.
Named in this story
Binance, Richard Teng, Homebrew, CNBC