Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss
Summary
An attacker exploited a recent Ethereum network improvement designed to enhance standard digital wallets during a security breach. Using fifty authorization signatures originating from Binance, the malicious actor successfully drained a portion of the exchange's massive funds.
On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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