A post by @WuBlockchain on X.

Binance released an initial report on its October 29 hack, revealing that attackers used fake job interviews and malware to compromise an engineer's device in September before exploiting an internal AI tool to reach wallet engineers and abuse Ethereum's EIP-7702 authorization mechanism with stolen credentials. Of the $6.34 billion in affected assets, approximately $2.85 billion has been frozen or intercepted, and Binance said 98% of affected token assets had been replenished as of October 31, with sufficient funds set aside to cover all losses. The exchange noted that withdrawal suspensions alone could not stop the malicious on-chain authorizations, which required a separate revocation process. The incident matters as one of the largest exchange security breaches on record and highlights EIP-7702 authorization abuse as a novel attack vector. The investigation remains ongoing, with attention now on recovery of the remaining frozen and unrecovered funds and any further disclosure of affected assets.