Binance Says Fake Job Interview and Malicious Code Download Sparked Security Breach

Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. A multi-stage cyberattack that compromised engineers and manipulated an internal artificial intelligence tool led to the unauthorized movement of billions in digital assets from Binance on Oct. 29, the cryptocurrency exchange said in an incident report. The breach impacted roughly $6.34 billion in assets across several blockchains before Binance and industry partners froze or intercepted $2.85 billion. Binance said it will absorb the entire loss and has already replenished 98% of the affected assets from company reserves, leaving user balances whole.