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

2h ago

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

Signal data▼ Bearishconfidence 90%High materiality

AssetEventexchange-incidentEvent timeOct 30, 16:34 UTCAttention0 readers/hrNormalSmart readers0

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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