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Binance said on Tuesday hackers used a bogus job interview to compromise a computer and an internal artificial intelligence tool to gain control over the company’s wallets before draining $6.3 billion worth of crypto, in what could be the largest-ever financial heist.
Summary
In a initial report into what went wrong, the world’s largest crypto exchange detailed a sophisticated hacking endeavour that began with an advert for a tampered version of a coding tool in June and set in chain a series of security breaches that culminated in the theft of the crypto on October 29. The FBI has blamed a North Korean hacking group, a claim North Korea has rejected. Binance has said it is repaying all customers who have lost funds through the hack.
Binance said that the attack started when an employee from its wallet developer team in June downloaded an AI tool that had been tampered with. The crypto exchange detected this, replaced the device and changed credentials but the employee’s role and that of others on the wallet team were exposed to the hacker.
KazaSec's take
Incidents like this rarely start with the headline event itself, they usually trace back to an exposed remote-access endpoint, an unpatched perimeter system, or a credential phished weeks earlier. The organizations that recover fastest are the ones that tested their defenses and their incident response plan before they needed them.
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