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binancebreach.com

An independent record of the October 2026 Binance hack

All people and organisations

Kok Tin Gan

People. Cofounder and CEO of NyxLab

The statements below are attributed to this speaker by the cited sources. Appearing here is not an accusation.

Statements, oldest first

Theoryroot causeClaim 53

Kok Tin Gan, cofounder and CEO of NyxLab, stated that the incident looks like one signature that gave the attacker a never-expiring, full-access token to a Binance hot wallet.

"This looks like one signature that gave the attacker a never-expiring, full-access token to a Binance hot wallet," he said, referring to cryptocurrency wallets that hold users' "private keys," or unique authorizations, digitally and which are connected to the internet.

Speaker
Kok Tin Gan
Publisher
npr.org (Other)
Original
Blockchain intelligence firms link North Korea to $6.3B hack on Binance
Captured
Archived copy
sha256 edffa6139d56
Published

Reviewer note: Opinion from a security firm CEO about how the attack worked, hedged ('looks like'). Not a finding.

Reportedroot causeClaim 331

NPR reported that Kok Tin Gan of NyxLab said the event raises questions about why stronger approval controls were not in place.

The event, meanwhile, also raises questions about why stronger approval controls were not in place, said Kok Tin Gan, cofounder and CEO of cybersecurity firm NyxLab.

Speaker
Kok Tin Gan
Publisher
npr.org (Other)
Original
Blockchain intelligence firms link North Korea to $6.3B hack on Binance
Captured
Archived copy
sha256 edffa6139d56
Published