Teng Says Wallet Delegation Bypassed Binance Approval Controls

Richard Teng says an Ethereum wallet delegation bypassed Binance’s normal approval controls, while evidence-erasing tactics complicated the investigation. Binance co-CEO Richard Teng says the attacker behind the exchange's wallet breach used an Ethereum account delegation that bypassed its normal approval controls, adding a more specific account of the execution route to the earlier discussion of a potentially compromised laptop. Teng also described evidence-erasing tactics that made the incident harder to investigate. His remarks add detail to the company's account, while a full forensic reconstruction remains outstanding.