Security· ★★★★· bearish·

Blockaid CEO: Binance hack may be private key misuse, not theft

  • —Blockaid suggests private key misuse rather than direct asset theft
  • —Ben-Natan compared the incident to the Bybit hack
  • —The attack may have compromised transaction-signing infrastructure
Why it matters: The theory shifts the damage assessment: compromised signing infrastructure could pose broader risks to custodial services than stolen keys.
Source: Cointelegraph