Blockaid’s detection flagged the drain under two minutes after the sweep and before any public report
Blockaid said its detection flagged the drain under two minutes after the sweep and before any public report.
This line is our short summary of the quote below. The quote is the evidence.
Cited in theories
- Questions raised about approval controls during the 20-minute transfer: Evidence for. An outside firm flagged it within two minutes.
Other statements from the same source
Blockaid, which sells a product called Cosigner that rejects malicious transactions before signing, wrote its analysis of the Binance incident.
Blockaid Cosigner is an independent signing layer that sits on a wallet and utilizes signals from our exploit detection engine to reject malicious transactions.
Blockaid said its transaction security engine classified the delegation transaction as malicious because an EOA was being upgraded through EIP-7702 to an untrusted address.
Blockaid's transaction security engine classified the type-4 transaction that delegated Binance 14 as malicious on sight, with the reason that an EOA was being upgraded through EIP-7702 to an untrusted address.
Blockaid said the EIP-7702 delegation was visible on-chain for three minutes and 24 seconds before the sweep.
The delegation itself was visible onchain for three minutes and 24 seconds before the sweep
Blockaid said the operator address 0x7C8601d4645b93cea45F71e118A729332e6B5CA0 was funded through three Tornado Cash withdrawals starting October 28.
The operator address, 0x7C8601d4645b93cea45F71e118A729332e6B5CA0 , was funded through three Tornado Cash withdrawals starting October 28.
Blockaid said Tether and Circle froze about $1.8B in the main collection address within 40 minutes, and that with later freezes by other issuers and the Arbitrum Security Council, Binance puts the verified total frozen at about $3B.
Tether and Circle froze about $1.8B in the main collection address within 40 minutes, and with later freezes by other issuers and the Arbitrum Security Council, Binance puts the verified total frozen at about $3B.