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Binance Hack Reportedly Started With $296 Million XRP Drain After 36-Hour Setup

(3 hours ago) · 1 source · Summarized by CryptoBipto

A reported hack of Binance allegedly began with the draining of $296 million worth of XRP after a 36-hour preparation period by the attackers. The incident details suggest a coordinated effort to exploit the exchange's systems. Full details of the breach and its total scope are still emerging.

WHY IT MATTERS

A cryptocurrency exchange is like a bank where people store their digital money.

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SOURCES

  • cryptoslate.com

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XRPBNBExchange HackBinanceXRPCrypto SecuritySelf-Custody