Binance Co-CEOs: Complete proof of reserves to be released by Monday at the latest, with the goal of restoring withdrawals within 40 hours.
Source:
x.com
Event types:
Online/Update
、
Security/Hacker
、
Regulation/Compliance
、
Marketing/Whale
Regarding the attack details, Teng stated that the incident was not carried out by a single individual and involved sophisticated techniques. Initial investigations pointed to a compromised laptop, with subsequent inquiries revealing additional points of entry. The attackers deployed a self-destruct mechanism to eliminate tools and traces during the attack, complicating tracking efforts. They also exploited the known EIP-7702 protocol to secure on-chain execution authorization for a hot wallet, bypassing Binance's standard approval controls. Consequently, Binance suspended withdrawal services to investigate, rebuild, and thoroughly retest its entire infrastructure.