Binance hack updates: Crypto firm finds multiple ‘points of breach’ in $6.3bn heist

Blockchain intelligence firm TRM Labs says elements of the attack resemble previous North Korea-linked incidents, including last year’s Bybit hack.

Liv McMahon
Technology reporter

Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022.Image source, Reuters

It’s been a month for the cyber-security community, with a spate of incidents – chiefly the high-profile vulnerabilities recently exposed using AI – some have dubbed “Black October”.

One developer working to help patch systems after flaws were surfaced in server-side programming language PHP last week told the BBC it’s been “relentless”.

But even prior to that incident, October had already seen a flurry of hacks.

Early in the month, French supermarkets were hit by an attack which caused fridges and freezers to heat up, spoiling food estimated to be worth millions of euros.

And days before that, Asos app users received a notification sent by hackers revealed to have gained access to the online fashion retailer’s systems, turning its app into their “ransom note”.

There’s still a lot we don’t know about the Binance hack and, with speculation about North Korean involvement, it would appear to be entirely different to the kind of breaches we’ve been alerted to in recent weeks.

But it nonetheless comes at the end of a busy October – a month which each year is used to champion cyber-security awareness.

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