Follow live updates as Binance says $2.54 billion in assets has been frozen after a multibillion-dollar hack, with further freezes possible as investigators trace funds.
Oct. 30 at 12:26 am UTC
The suspected multi-billion-dollar Binance hack may have involved attackers manipulating the exchange’s transaction-signing signature rather than stealing private keys, according to Blockaid co-founder and CEO Ido Ben-Natan.
Speaking to Cointelegraph, Ben-Natan said Blockaid’s preliminary assessment pointed to “key misuse,” in which attackers trick or compromise a signing system into authorizing malicious transactions without extracting the underlying private key.&
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