Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

Source: coinDesk October 30, 2026 · 04:35
Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss
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On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.
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CoinDesk is an American news site specializing in bitcoin and digital currencies. Founded by Shakil Khan, the firm also provides guides to bitcoin for those new to digital currencies.

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