In the year AI re-wrote the infosec rulebook, it’s comforting to know crypto exchanges still have bad security

What happened: Binance paused trading, deposits, and withdrawals after discovering unknown parties cracked a worker's laptop and used it to submit unauthorized withdrawal transactions. Its initial investigation points to a compromised DevOps engineer's laptop. Key numbers: Binance froze $2.5 billion worth of assets, then raised the amount it believes is at risk to $6.3 Why it matters: Binance found no evidence of a wallet private key leak, suggesting customer holdings remain secure, but trading has not resumed. The scant details make it hard to rule out phishing or a supply chain attack.

Binance paused trading, deposits, and withdrawals after discovering unknown parties cracked a worker's laptop and used it to submit unauthorized withdrawal transactions. Its initial investigation points to a compromised DevOps engineer's laptop.

Binance found no evidence of a wallet private key leak, suggesting customer holdings remain secure, but trading has not resumed. The scant details make it hard to rule out phishing or a supply chain attack.