Ethereum upgrade exploited to drain part of Binance’s $6 billion loss
AI summary
An attacker exploited a 2025 Ethereum upgrade designed to make ordinary wallets smarter, using 50 signatures from Binance's own wallet to drain part of a $6 billion loss at the exchange. The incident ties a major exchange loss to a feature meant to improve wallet functionality, raising questions about smart-wallet security. Traders should watch ETH and BNB sentiment, since a breach involving Binance's own wallet signatures could weigh on confidence in exchange and wallet infrastructure.
