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Ethereum Feature Exploited in Attack That Contributed to Binance Losses
(5 hours ago) · 1 source · Summarized by CryptoBipto
An Ethereum-related vulnerability was reportedly exploited as part of a broader attack that contributed to significant losses at Binance. The incident is connected to what has been described as a $6 billion loss event at the exchange. Details about the specific Ethereum upgrade feature involved and the mechanics of the exploit have emerged.
WHY IT MATTERS
When a blockchain like Ethereum gets upgraded with new features, those changes can sometimes have unintended consequences.
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SOURCES
- coindesk.com
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ETHBNBEthereum UpgradesExchange SecurityBinanceSmart Contract VulnerabilitiesHacks