Security
Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss
CoinDesk·October 30, 2026·1 min read
An attacker drained part of Binance's $6 billion loss on Ethereum using a 2025 upgrade designed to make ordinary wallets smarter. The exploit was armed with 50 signatures from Binance's own wallet, leveraging the upgrade's features to bypass security and move funds.
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