Binance hack may be private key misuse, not theft, Blockaid CEO says
AI summary
Blockaid CEO Ido Ben-Natan said the Binance hack may have involved misuse of a private key rather than outright theft, suggesting attackers manipulated Binance's transaction-signing infrastructure. He drew parallels to the Bybit hack. For traders, the claim shifts focus from stolen funds to compromised signing systems, a distinction that matters for how much trust to place in exchange custody and key management.
