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Binance hack: How one wallet trick led to a $6.3 billion breach

Binance hack: How one wallet trick led to a $6.3 billion breach
AI summary

An investigation into the Binance hack found that one of 50 Ethereum authorizations enabled a breach of a hot wallet. Binance reports $6.3 billion affected and $3 billion frozen. A breach of this scale at the largest exchange raises concerns about custody security and could weigh on confidence in centralized platforms and ETH-linked assets.

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