Binance traces $6.34B hack to fake interviews and AI tool breach

Binance said on Nov. 3 that hackers used fake job interviews, malicious software, and a compromised internal AI tool to access its wallet systems and steal $6.34 billion on Oct. 29. Summary Attackers used compromised employee computers and stolen deployment credentials to reach Binance’s wallet signing infrastructure. Malicious Ethereum authorizations allowed transfers to continue after Binance suspended its normal withdrawal services. Binance says approximately $2.85 billion has been frozen or intercepted, with customer losses covered. Experts expect stronger demand for custody safeguards, while cautioning that regulated platforms still face risks. According to Binance’s initial incident report, the attack developed over several months, combining employee deception with compromised software and unauthorized access across internal systems. The exchange said it had replenished 98% of affected token assets by Oct. 31 and was purchasing the remaining, less liquid cryptocurrencies. CEO Richard Teng said withdrawals had broadly resumed and users would bear no losses. On 29 October, Binance was the target of one of the most sophisticated attacks the digital asset industry has ever seen. ...