Fed, OCC check US banks after Binance hack as experts flag security risks
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The crypto exchange’s founder warned of security staffing shortages amid restructuring as analysts flagged suspicious transfers potentially linked to the Mercado Bitcoin hack.
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Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.
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Hackers exploited compromised employee computers and stolen credentials to breach Binance’s wallet infrastructure, according to the exchange’s investigation.
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North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
$2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.