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Binance Says Its $6.3 Billion Hack Started With a Fake Job Interview
(7 hours ago) · 3 sources · Summarized by CryptoBipto
Binance has disclosed that a $6.3 billion hack of the exchange originated from a social engineering attack involving a fake job interview. According to the exchange, an employee was targeted through a fraudulent recruitment process, which gave attackers initial access to internal systems.
WHY IT MATTERS
When you store cryptocurrency on an exchange, the exchange holds your funds on your behalf, similar to how a bank holds your money.
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SOURCES
- coindesk.com
- thedefiant.io
- bitcoinmagazine.com
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Exchange SecuritySocial EngineeringBinanceCrypto HacksCustodial Risk