Binance Hack Wasn’t a Private Key Leak. That May Be the Bigger Problem

The biggest crypto hack on record may not have started with stolen wallet keys at all. Binance says its preliminary investigation into the $6.3 billion security incident points to a compromised DevOps engineer’s laptop, which allegedly gave the attacker access to internal systems capable of submitting unauthorized withdrawals. The exchange says it has found no evidence that any wallet private keys were leaked. That detail changes the story. This was potentially not a case of hackers breaking the cryptography protecting a wallet. It was a case of gaining access to the machinery that was already authorized to move money.