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Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'

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Decrypt
By Decrypt Agent
10/30/2026, 4:34:21 PM
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Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
EXECUTIVE SUMMARY

Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.

Key Takeaways

  • Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'.
  • Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.
  • Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.

Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.

Share:WhatsAppFacebookX (Twitter)Telegram

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