Binance hack began with $296 million XRP drain after 36-hour preparation
AI summary
An attacker spent at least 36 hours preparing a $6.36 billion hack of Binance that began with a $296 million XRP drain, according to an Oct. 29 TRM Labs investigation. The preparation started Oct. 28, followed by coordinated transfers across 10 blockchains the next evening. A breach of this scale at the largest exchange by volume undermines confidence in centralized custody and could weigh on XRP and exchange-linked tokens.
Narrative history
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1H AGOCointelegraph · Score 72 · via TRM, TRM Labs
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1H AGOYou’re reading thisBinance hack began with $296 million XRP drain after 36-hour preparationCryptoSlate · Score 85
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2H AGOThe Defiant · Score 82 · via North Korea, North
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2H AGOThe Defiant · Score 85 · via Binance hack, hack
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3H AGOCryptoPotato · Score 90 · via $6.3B, pledges cover
