Binance says hackers used fake job interviews and an internal AI tool to pull off the $6.3 billion heist

The post-mortem also goes into why Binance wasn’t able to stop the transactions that occurred nearly two hours after the first unauthorized transfers, saying that “Because the hot wallet used Multi-Party Computation (MPC), there was no single private key that could be used to immediately revoke the malicious EIP-7702 authorizations.” Binance says that it’s prevented 57 suspected North Korea-linked cyber threat cases, and CEO Richard Teng writes that no user is bearing the loss, with about $2.85 billion in stolen assets frozen or intercepted: “At this moment, 98% of impacted tokens had been replenished; we’re completing the remaining 2%. Withdrawals have broadly resumed.”