- cross-posted to:
- technology@midwest.social
- technology@lemmy.ml
- cross-posted to:
- technology@midwest.social
- technology@lemmy.ml
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 $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.
I mean its probably not a rug pull. Most likely its a coordinated state sponsored hacking group, like the Lazarus group, who would be my bet for the big winner of this.
I’m curious how much theyll walk away with in the end.
Doesn’t the title of the article once you tap the link say who did it? Yes, yes it does.
They changed the title of the article since I commented. I am pleased that my speculation was mostly correct however.
https://web.archive.org/web/20261030033426/https://www.citationneeded.news/binance-theft/
^ archive link showing that the title used to be “Attacker gets away with up to 3$ billion from Binance.”
Or an inside job.
Valid point. At 3 bios I suspect insider involvement tho.
About tree fitty
It was about that time I noticed this “Lazarus Group” was about 8 STORIES TALL, and was a crustacean from the Paleolithic Era!
The stable coins are the only ones not stolen, since they have a centralized authority and could freeze the assets.
they should call it bitch-coin now