This binance hack just hit like a total vibe check where the memes cash and shady questions crash together all at once. 🖤
Binance Chaos Unfolds 😱
Nikita bier x’s old head of product went straight for cz with this savage take. “The largest crypto exchange in the world just experienced the largest robbery in human history – and the person running it is a nomadic autistic man in dubai posting funds are safu! What a time to be alive.” Meanwhile elon musk dropped that everyday is zeroday. 😂
Deep Dive Into The 6.3 Billion Hit 🔒
On october 29 binance got wrecked in a huge security mess worth about 6.3 billion according to their own post. On chain checks spotted billions flowing out unauthorized across ethereum bitcoin tron arbitrum optimism and avalanche. Looks like a devops engineer’s laptop got compromised letting the attacker slip into a service container and push fake withdrawal txs. Binance found zero signs of any wallet private key leak tho. 👀 Investigators spotted eip 7702 auths with 50 signed ones trying to match the wallet’s nonce and one hit allowing the bad code to run. Probe is still going so the full path ain’t locked yet.
Tether locked over 1.567 billion in usdt while circle froze more than 800 million in usdc with law enforcement help. Arbitrum’s security crew jumped in too along with other issuers. Binance’s frozen pile is nearing 3 billion but it shifts as recovery moves. Still plenty left to chase. Cz who stepped back but holds big bags said it screams hack and users will get covered fully. Co ceo yi he confirmed the exchange will eat the losses via the safu fund and company cash. Deposits and withdrawals paused for checks plus binance alpha trading stopped cold. Bitcoin dipped near 76300 wiping 478.9 million in positions with 84.6 percent longs getting rekt. Ethereum saw 363.5 million liquidated 83.5 percent longs. Solana lost 82.1 million and xrp 38.1 million. Hype stood out with 31.3 million and shorts taking the brunt. 💸 DeFi got rocked too with aave freezing 175 markets on 16 nets in v3 plus 117 more on v4 as backup. Kamino paused sol and btc borrows to stay safe.
Same Hacker Pulling Both Strings 🕵️
Zachxbt linked the binance and bitget exploits saying funds from both landed in the same wallet after thorchains route. He thinks it’s the same attacker behind the scenes. Bitget was already tied to north korea’s tradertraitor crew which hit kelp dao too. Misttrack traced stolen trx from binance through bitget wallet swap bridge to an address starting 0xcd68 that the phemex hacker used before. 🚨 This whole thing feels kinda sinister but we keep stacking anyway lol.
Just another echo from the void by iconofsin.eth 💖
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