Security· ★★★★· bearish·

SlowMist: Binance hack likely stemmed from private key leak

  • —SlowMist favors a private key leak over a signing machine compromise
  • —The attacker bypassed Binance's risk control systems
  • —A custom-built withdrawal tool was likely used to move funds
  • —Security teams should trace the key leak path and unusual withdrawal patterns
Why it matters: The assessment points to compromised keys inside Binance, raising questions about custody practices at the largest exchange.
Source: PANews