ethereum · 30 October 2026

Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

An attack on Ethereum utilized a 2025 upgrade designed to enhance the intelligence of standard wallets, leveraging fifty signatures originating from Binance's own wallet, which contributed to depleting a portion of Binance's $6 billion loss.

Earlier coverage

EIP-7702 didn’t cause Binance hack, but may have amplified losses Oct 30
Binance hacker’s Bitcoin haul tops Coinbase’s corporate treasury Oct 30
Binance hack drained wallets backing customer assets, reserve data shows Oct 30

ethereum
exchange

Reported by CoinDesk.

Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

Earlier coverage

Related coverage

$6 billion Binance hack linked to North Korea, FBI asks DeFi community to block BTC, ETH, SOL

What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack

EIP-7702 didn’t cause Binance hack, but may have amplified losses

Binance hacker’s Bitcoin haul tops Coinbase’s corporate treasury

Binance hack drained wallets backing customer assets, reserve data shows

Binance Hacker Hunts for Exit Ramps as DeFi Exchanges Pause Markets