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Attacker gets away with up to $3 billion from Binance (www.citationneeded.news)
submitted 1 day ago by to c/technology@lemmy.world
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Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:

https://hachyderm.io/@molly0xfff/117526961419935070

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.

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[–] 3 points 8 hours ago (2 children)

They had access to 6.8, Binance froze over 3 billion, and off chain partners froze other coins. They said 3 billion or less.

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  • [–] 2 points 4 hours ago* (1 child)

    They had access to 6.8, Binance froze over 3 billion

    So much for blockchain security and free money. You missed the point, this wasn't supposed to be possible, bro.

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  • [–] -1 points 3 hours ago*

    they didn't break into a blockchain, they broke into a website. blockchains are built on hashes, nobody's reversing hashes no matter how much you dislike blockchains.

    this wasn’t supposed to be possible, bro.

    hacking into websites is actually totally possible, bro. get your facts straight, bro. you don't know what you're talking about at all, bro.

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