Binance Forms 100-Person Team After Attack Moves More Than $6 Billion

Binance formed a roughly 100-person multinational response team after attackers moved more than $6 billion in assets from its wallets, putting security at a major global crypto exchange in focus. The attack began after 4 p.m. ET Thursday, Oct. 29 (20:00 UTC), corresponding to after 4 a.m. Beijing time Oct. 30. Security researchers had identified earlier tests of malicious code through Ethereum accounts controlled by the attackers. Each test cost only a few dollars. The attack was estimated at about $6.3 billion, while transfers exceeded $6 billion.