Binance Works With FBI as EIP-7702 Helped Attackers Drain…
By Abdelaziz Fathi
AI summary of the source article
Binance is working with the FBI and Secret Service after hackers stole an estimated $6.3 billion across multiple blockchains. The exchange has frozen about $3 billion of the assets and pledged to cover remaining losses using company funds.
Why it matters
The text notes that "the multi-chain signatures make this a custody-infrastructure problem rather than simply an Ethereum smart-contract exploit," rendering traditional distinctions between stolen keys and unauthorized transactions less useful for operational risk.
Key facts
- Hackers stole an estimated $6.3 billion across Ethereum, Bitcoin, Solana, Tron, and other networks using valid wallet authorizations.
- Binance has frozen approximately $3 billion of the affected assets and pledged to cover user losses using its SAFU and company funds.
- Investigators have found no evidence that private keys were leaked, pointing toward a broader compromise of signing infrastructure.
Source excerpt · FinanceFeeds
Binance is working with law-enforcement agencies including the FBI and U.S. Secret Service after hackers stole an estimated $6.3 billion across multiple blockchains, while the exchange investigates how attackers obtained valid authorization to move assets from its wallets without an apparent leak of private keys. The theft, now the largest known cryptocurrency hack, extended across Ethereum, Bitco…