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Binance hack exposes security gaps across five blockchain networks

Binance hack exposes security gaps across five blockchain networks

A massive $6.36 billion security incident at Binance has exposed wallets across ten different blockchain networks, placing five major ecosystems under intense scrutiny.

Investigators have linked the sophisticated attack to North Korea’s TraderTraitor group, which targeted billions of dollars in assets across Bitcoin, Ethereum, XRP, TRON, and Solana.

While investigators emphasize that no protocol-level breaches occurred within the networks themselves, the exploitation of specific features, such as Ethereum’s EIP-7702 delegation, allowed the attackers to siphon massive sums, including 18,270 BTC and 200,630 ETH.

The aftermath of the breach has starkly highlighted the structural divide in crypto regulation and control; while central…

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