Binance hack may involve private key ‘misuse,’ not theft: Blockaid CEO
Summary
Security experts suggest that recent malicious activity targeting Binance likely stems from compromised transaction signing systems rather than a direct breach of private keys. According to the chief executive of Blockaid, the incident resembles methods previously observed during the Bybit security breach.
Blockaid’s Ido Ben-Natan suspects attackers manipulated Binance’s transaction-signing infrastructure, drawing parallels with the Bybit hack.
Source: Read the full story at Cointelegraph.com News
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