ReportedamountStatement 39
The world's biggest cryptocurrency exchange reported Thursday that approximately $6.3 billion was impacted in an apparent hack.
Binance reported that approximately $6.3 billion was impacted in an apparent hack.
This line is our short summary of the quote below. The quote is the evidence.
Figures from this statement
- Reported impact: $6,300,000,000.00 as of
Other statements from the same source
Reportedroot causeStatement 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.
Theoryroot causeStatement 53
The speaker said this 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.
ReportedresponseStatement 52
The speaker said that he does not manage Binance anymore but, as a shareholder, expects all user funds will be fully covered.
He added that while he doesn't manage Binance anymore, "as a shareholder, I expect all user funds will be fully covered."
ReportedresponseStatement 50
A Binance spokesperson said the company is working closely with law enforcement partners to confirm the identity of the criminals and bring them to justice.
Asked about the potential ties to North Korea, a Binance spokesperson said only that the company is "working closely with our law enforcement partners to confirm the identity of the criminals and bring them to justice."
ReportedattributionStatement 49
Jonathan Levin, co-founder and CEO of Chainalysis, wrote that the Binance hack was likely done by DPRK group TraderTraitor.
Blockchain analysis company Chainalysis also believed the Binance hack was "likely done by DPRK group TraderTraitor," its co-founder and CEO Jonathan Levin wrote on X.