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Binance's Teng On Hack Said Attacker Also Used A Self-Destruct Mechanism That Destroyed Tooling And Traces As They Went

By Reuters News

Oct 30 (Reuters) -

  • BINANCE'S TENG ON HACK: ATTACKER ALSO USED A SELF-DESTRUCT MECHANISM THAT DESTROYED TOOLING AND TRACES AS THEY WENT

  • BINANCE'S TENG: WE ARE REBUILDING THE WITHDRAWAL SERVICE, AND WE ARE NOT SWITCHING IT BACK ON UNTIL IT PASSES RIGOROUS TESTING

  • BINANCE'S TENG: WE ARE CONDUCTING A FULL SECURITY REVIEW ACROSS THE ENTIRE COMPANY — ENDPOINTS, CLOUD, KEY MANAGEMENT, SIGNING

  • BINANCE'S TENG: WE ARE SHARING A FULL PROOF OF RESERVES REPORT BY MONDAY

  • BINANCE'S TENG: WHAT WAS AFFECTED IN THIS INCIDENT WAS BINANCE'S OWN HOT WALLET

  • BINANCE'S TENG: ATTACKER USED A KNOWN MULTI-SIGNATURE PROTOCOL EIP-7702, TO OBTAIN ON-CHAIN EXECUTION APPROVAL OVER A HOT WALLET

Source text: https://tinyurl.com/4avf74wb

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