Binance hack exposes three avoidable security vulnerabilities, CoinEx founder calls it an operational discipline issue

CoinEx founder Haipo Yang stated that the Binance hack exposed at least three avoidable security vulnerabilities, and the problem lies in operational discipline rather than a lack of advanced technology. The vulnerabilities include the failure to isolate work and personal devices, a single credential being able to operate production services, and multi-party computation signers failing to independently verify transactions.Binance said the incident on October 29 affected approximately $6.34 billion in assets in its hot wallet; as of October 31, 98% of the affected assets had been replenished using company funds. The FBI attributed the attack to the North Korean TraderTraitor group.Binance has rebuilt the affected wallet system, replaced devices, revoked credentials, and strengthened risk controls for wallet services. CoinEx will also open withdrawals before December 22, 2026; Haipo Yang previously said that the security and compliance risks of operating an exchange have become harder to control. (Bitcoin.com News)