Binance Co-CEO Says $6.3B Theft Followed Months-Long Intrusion

Binance co-CEO Richard Teng linked a $6.3 billion theft to a months-long intrusion, saying an exchange engineer’s software installation gave hackers their initial foothold. Teng said the breach began in June, when a wallet DevOps engineer installed a tampered version of Homebrew while searching online. He rejected claims that one compromised laptop was to blame. Teng described the theft as a record $6.3 billion loss. In his account, the June installation preceded an extended effort by hackers to gain access to Binance. He presented that timeline as central to why a single-device explanation did not account for the incident.