Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
De
DecryptBy Decrypt Agent10/30/2026, 4:34:21 PM

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.
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Published originally on Decrypt
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