Binance Hack: CZ Blames Employee Security Failures
Attackers spent five to six months preparing through fake job interviews and social engineering, turning human process failures into a material risk for major exchanges.
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Attackers spent five to six months preparing through fake job interviews and social engineering, turning human process failures into a material risk for major exchanges.
Binance says about $3B in affected assets are frozen on-chain and it will cover losses, while the exchange investigates a possible DevOps laptop compromise.
The commitment shifts the immediate focus from recovery costs to whether the exchange can make affected users whole.
Bitget says its $464M User Protection Fund covers the reported loss, but withdrawals remain frozen as investigators examine the attack and an unconfirmed North Korea link.