The $6.3B Binance Hack Wasn't a Website Hack. The Next Wave Will Be.

Attackers drained approximately $6.3 billion from Binance on Thursday, 29 October, marking the largest crypto theft on record and surpassing the $1.5 billion Bybit theft. Preliminary findings indicate a compromised laptop belonging to a DevOps engineer allowed access to a service container for unauthorized withdrawals. In response, Gate CEO Lin Han has called for the formation of a cryptocurrency security alliance to standardize procedures for preventing and managing the aftermath of such security incidents.