[Binance Announces Security Incident Update, $2.85 Billion in Assets Intercepted] Binance disclosed that the security incident on October 29 involved approximately $6.34 billion in assets, of which approximately $2.85 billion had been frozen or intercepted as of the report's release. Attackers used fake job postings and malware to infiltrate employee devices, exploited internal AI tools and stolen credentials to bypass withdrawal processes, and used the Ethereum EIP-7702 mechanism to gain access to hot wallets. Binance will bear the financial losses; as of October 31, 98% of the affected assets had been replenished, and the attack portal had been closed.
