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Attacker gets away with up to $3 billion from Binance (www.citationneeded.news)
submitted 2 days ago by to c/technology@lemmy.world
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Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:

https://hachyderm.io/@molly0xfff/117526961419935070

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.

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[–] 115 points 2 days ago* (10 children)

stable coin

looks inside

the rug-pullest mf of them all

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  • [–] 70 points 2 days ago (7 children)

    I mean its probably not a rug pull. Most likely its a coordinated state sponsored hacking group, like the Lazarus group, who would be my bet for the big winner of this.

    I'm curious how much theyll walk away with in the end.

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  • [–] 1 point 1 day ago (2 children)

    Doesn't the title of the article once you tap the link say who did it? Yes, yes it does.

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  • [–] 5 points 1 day ago (1 child)

    They changed the title of the article since I commented. I am pleased that my speculation was mostly correct however.

    https://web.archive.org/web/20261030033426/https://www.citationneeded.news/binance-theft/

    ^ archive link showing that the title used to be "Attacker gets away with up to 3$ billion from Binance."

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