Binance hackers had eight weeks of access before $6.3B exploit, SEAL says
Hackers behind the $6.3 billion Binance exploit gained access to the exchange's systems roughly eight weeks before executing the theft on October 29, according to cybersecurity organization Security Alliance.
Hackers behind the $6.3 billion Binance exploit had access to the exchange's systems for approximately eight weeks prior to the theft, according to assessments from cybersecurity group Security Alliance, also known as SEAL. Attackers reportedly infiltrated Binance's infrastructure in September before executing the breach on October 29.[1][2][4][5]
SEAL noted that the incident followed a multi-stage intrusion pattern observed in other high-profile cryptocurrency thefts, including the $388 million exploit of crypto exchange Bitget. Solid Intel reported that SEAL linked the extended access window to North Korea-linked actors.[5][6]
Appearing on CoinDesk's Policy Protocol, SEAL researcher Taylor Monahan characterized the breach as a sophisticated heist where attackers remained undetected inside internal networks for weeks on end, as the industry scrambled to trace and freeze stolen assets.[3]
Key facts
- Security Alliance estimates hackers accessed Binance systems roughly eight weeks before the October 29 exploit.
- The Binance breach resulted in the theft of $6.3 billion.
- SEAL flagged similar multi-stage intrusion patterns in other major crypto incidents, including a $388 million hack of Bitget.
- Solid Intel reported that SEAL stated North Korea-linked hackers may have had access to Binance systems eight weeks before the attack.
- SEAL researcher Taylor Monahan said attackers spent weeks inside systems conducting sophisticated heists.
Sources · 6 sources
- TW
The Wolf Of All Streets@scottmelkerPost on X ·
JUST IN: SECURITY ALLIANCE ESTIMATES BINANCE ATTACKERS HAD ~8 WEEKS OF ACCESS BEFORE THE OCT. 29 HACK https://t.co/ibTv4gEKWZ
Open source - CB
Crypto BriefingArticle ·
Binance hackers reportedly spent eight weeks inside before $6.3 billion theft The incident underscores the critical need for robust internal security and detection systems in exchanges to prevent prolonged breaches. The post Binance hackers reportedly spent eight weeks inside before $6.3 billion theft appeared first on Crypto Briefing .
Open source - CO
CoinDesk@CoinDeskPost on X ·
These are sophisticated heists. They’re sitting in the systems for weeks and weeks and weeks.” SEAL researcher @tayvano_ joins @renato_mariotti and @RebeccaRettig1 on this week’s @CoinDesk Policy Protocol to break down the $6.3B Binance hack, the industry’s race to freeze stolen funds, and how fake IT workers get hired. 00:00 - Welcome to The Policy Protocol 01:15 - Unpacking the Midterms: Is the CLARITY Act Dead? 03:12 - A 'Terrible Night for Crypto'? 06:16 - A 'Rump CLARITY' in the Lame Duck? 07:20 - CFTC Approves Stock Perps 10:28 - The $6.3B Binance Hack: SEAL's Taylor Monahan Joins 11:11 - Could Any Rulebook Have Stopped the Binance Hack? 13:01 - Why Hackers Target Crypto, and Why Banks May Be Next 15:20 - Keeping North Korean IT Workers Out 18:52 - Tether, Circle and the Industry-Wide Freeze 22:54 - Why the Feds Want Freezes Without Court Orders 25:00 - Person of the Week: ZachXBT
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 UPDATE: Binance attackers infiltrated its systems in September, roughly 8 weeks before the October 29 hack, SEAL estimates. https://t.co/AaPGrakba9
Open source - CT
Coin TelegraphArticle ·
Binance hackers had 8-week intrusion window before $6.3B exploit: SEAL The cybersecurity company flagged similar multi-stage intrusion patterns behind other high-profile crypto heists, including the $388 million Bitget hack.
Open source - SI
Solid Intel 📡@solidintel_xPost on X ·
INTEL: North Korea-linked hackers may have had access to Binance systems 8 weeks before the hack, SEAL says
Open source