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International Business Times
International Business Times
Business

RARE PHOTOS: Binance saw the largest crypto heist ever experts explain how security flaws enabled it - The Real Truth

Binance co-CEO Richard Teng said the attack involved a more complex process than simply using one engineer's permissions. (Credit: Unsplash/Kanchanara)

Binance's estimated $6.3 billion hack is drawing scrutiny beyond the cryptocurrency industry, with security experts warning that trusted devices and legitimate credentials can give criminals a route into systems without stealing the cryptographic keys that protect digital assets.

The exchange initially said a compromised DevOps engineer's laptop may have allowed an attacker to access an internal service container and submit unauthorized withdrawals. It reported finding no evidence of a wallet private key leak.

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