Mmastodon TechnologyCybersecurity first seen 1 d ago, last 1 d ago, peak #7
Binance security incident figures climb to $6 billion
Original: # binanace # infosec Report is now up to 6 billion USD. https:// apnews.com/article/binance-cry ptocurrency-security-39c
Reports about a security incident at cryptocurrency exchange Binance are circulating, with cited figures now reaching 6 billion US dollars. Binance says its initial investigation points to a security issue, and observers are questioning how the exchange would insure or claw back funds on that scale. The story is drawing attention across the crypto and information security communities.
Why now: The scale of the reported losses and uncertainty over how Binance could recover or insure such sums are fueling discussion.
Evidence
- # binanace # infosec Report is now up to 6 billion USD. https:// apnews.com/article/binance-cry ptocurrency-security-39cda8ceb8095e036334a18549d3d20d Not sure how they insure or claw back 6 billion. Also the quote: "Binance’s initial investigation suggests that the security… · pseudonym@mastodon.online · 7
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