Binance Hack Could Stem From Private Key Misuse, Says Blockaid CEO

New details about the suspected scale of Binance ’s $2.5 billion+ hack are pointing toward an intrusion path that may not require stealing the exchange’s private keys. Blockaid co-founder and CEO Ido Ben-Natan told Cointelegraph that the early signs resemble “key misuse,” where attackers manipulate or compromise transaction-signing capabilities to authorize harmful transfers. While Binance has not confirmed the exact mechanism behind the theft—the largest crypto hack on record—Ben-Natan and Arkham CEO Miguel Morel both emphasized that the current picture remains incomplete.