Binance Hack May Involve Private Key ‘Misuse,’ Not Theft, Blockaid CEO Says
Key Highlights: Cybersecurity analysts are investigating a breach targeting Binance that resulted in the theft of more than $2.5 billion in cryptocurrency, marking the largest hack in crypto history. Onchain security firm Blockaid identified the exploitation of an EIP-7702 authorization bundle that allowed a malicious sweeper contract to drain funds from a major Binance wallet. ...