Binance hack: Fake job assignment helped attackers reach wallet systems, exchange says

Binance said a fake job assignment helped attackers reach its wallet systems, with the exchange’s initial findings showing how intruders expanded access across employee computers and continued transfers even after withdrawals were suspended. The breach, disclosed by the world’s largest crypto exchange by trading volume, underscores the operational risk facing centralized platforms that custody user funds. Binance has not yet disclosed the full size of the loss or a complete token-by-token breakdown, leaving the market to watch for updated figures on affected assets and any reimbursement plan. Traders will also focus on whether the exchange tightens internal access controls and on deposit and withdrawal activity once services normalize.