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Binance Saw the Largest Crypto Heist Ever. Experts Explain How Security Flaws Enabled It.

Binance Saw the Largest Crypto Heist Ever. Experts Explain How Security Flaws Enabled It.

Binance’s estimated $6.3 billion hack is drawing scrutiny beyond the cryptocurrency industry, with security experts warning that trusted devices and legitimate credentials can give criminals a route into systems without stealing the cryptographic keys that protect digital assets.

The exchange initially said a compromised DevOps engineer’s laptop may have allowed an attacker to access an internal service container and submit unauthorized withdrawals. It reported finding no evidence of a wallet private key leak.

“We don’t know the full details of this incident yet, and we may not for some time,” Tomas Sinicki, managing director at Coveron, an identity theft and scam protection service developed by Nord…

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