Binance Hack: What We Know About the Biggest Cryptocurrency Theft in History

On October 29, hackers executed a significant cryptocurrency theft from Binance, one of the largest digital asset exchanges. The attack began around 7 PM, with fraudulent transfers from wallets crucial for managing customer withdrawals. TRM Labs reported that the hackers had tested their malicious code earlier that week, making small withdrawals to gauge effectiveness. The breach affected various cryptocurrencies, including Bitcoin and Ethereum, marking it as one of the largest thefts in cryptocurrency history.