this post was submitted on 30 Oct 2026
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Attacker gets away with up to $3 billion from Binance (www.citationneeded.news)
submitted 3 days ago by otter@lemmy.ca to c/technology@lemmy.world
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Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:

https://hachyderm.io/@molly0xfff/117526961419935070

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.

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[–] rainwall@piefed.social 31 points 3 days ago* (last edited 3 days ago) (1 children)

You hear about the hardware crypto wallets with sim cards in them that read the pincode off the displays? That was a slick as shit supply chain attack:

https://www.theverge.com/tech/1009294/ledger-wallet-tampering-suspected-after-reports-of-crypto-thefts

The intial wallets discovered has crude wiring soldiered on, but later ones had custom black PCBs that looked very much like they were part of the wallets circuitry unless you knew exactly what you were looking for.

[–] 01011@monero.town 10 points 2 days ago* (last edited 2 days ago)

I really miss the old internet before paywalls were put up everywhere.

"Ledger is currently investigating serious allegations of tampering involving its hardware wallets sold through a Southeast Asian reseller, CryptoBilis. Reports indicate that this tampering has resulted in the theft of approximately $86 to $93 million in cryptocurrency from numerous wallets." https://www.coindesk.com/business/2026/10/09/ledger-investigates-potential-wallet-tampering-after-reports-of-usd86-million-in-crypto-stolen