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Binance disclosed the process of 6.3 billion dollars being stolen: hackers lurked for 4 months and breached 3 computers

The cryptocurrency exchange platform Binance released a preliminary investigation report on a security incident, disclosing the attack process in which approximately $6.3 billion in assets were stolen. The report states that an engineer, referred to as Little A, from the wallet operations team, searched for and installed an AI programming tool in June 2026, downloading a tampered Homebrew installation package from the search results. After the security team discovered the anomaly, they replaced the relevant equipment, but Little A still exposed the wallet infrastructure permissions.The report indicates that the attacker continued to lurk thereafter. In September, the attacker contacted a software engineer, referred to as Little B, through a recruitment platform, posing as a project director, and conducted video interviews and social media interviews, sending a code repository as an assignment. Little B downloaded the repository to their work computer and set it up according to the instructions. One file of 3,414 bytes bypassed terminal security protections and used internal AI tools to find traces related to Little A.The report states that on October 30, the attacker logged into another employee, referred to as Little C's, computer and transferred $6.3 billion. Binance stated that approximately $6.34 billion in assets were affected, with about $2.85 billion frozen or intercepted, and the losses covered by the SAFU fund and company funds. As of October 31, 98% of the affected tokens have been replenished.

The legal team of Sun Yuchen filed a sanctions application against WLFI, stating that it only disclosed the shareholder's UAE citizenship months after the lawsuit

Sun Yuchen posted on platform X that his lawyer has applied for sanctions against World Liberty Financial (WLFI) because the company disclosed the UAE citizenship of its shareholders months after he filed the lawsuit.Sun Yuchen stated that he signed a token purchase agreement to buy $30 million of WLFI in November 2024, later increasing the total investment to $45 million, and filed a lawsuit against WLFI in April this year, accusing it of fraudulently inducing investment and illegally freezing his tokens. According to his token purchase agreement, the case can be filed in federal or state court in California, and he chose federal court.Sun Yuchen claimed that the disclosure documents submitted by WLFI at the beginning of the case only listed one entity of WLFI, registered in Florida, and then filed a motion for mandatory arbitration; during the August hearing, the court hinted that it did not recognize the arbitration claim and ruled that some demands would remain for public trial. Less than a week later, WLFI suddenly "corrected" the disclosure documents, increasing the number of members in the ownership chain from 1 to 22, and claimed to have citizenship in Florida, Delaware, Puerto Rico, and the UAE, thereby arguing that the federal court has no jurisdiction because both parties have foreign entities.Sun Yuchen pointed out that WLFI claims it "is not an offshore organization," is "a company that pays taxes in the United States," and "when selling tokens, it poses as a U.S. company, only to discover its UAE identity when trying to escape the U.S. federal court." He stated that after the sanctions motion is ruled on in federal court, he will refile the lawsuit in California state court.

Binance is in discussions with Malaysian regulatory authorities about obtaining a license to operate, seeking to return to the local market

According to Bloomberg, Binance stated that it is discussing the feasibility and structure of a licensed business model with Malaysian regulators, seeking to formally return to the local market. A spokesperson said that they have been in communication with the Malaysian Securities Commission and the central bank for the past 10 months but did not disclose the specific type of license they intend to apply for.In July 2021, the Malaysian Securities Commission determined that Binance was operating a digital asset trading platform illegally and required it to cease local operations and marketing activities. The agency had removed Binance from the investor warning list in 2024 but has placed it back on the list this month without stating the reason.In response to MP Lim Guan Eng's request to investigate whether its P2P platform facilitated transactions in Malaysian Ringgit through other currencies, Binance stated that it has proactively closed a Papua New Guinea Kina trading market that was informally linked to the Ringgit. The latest complaint involves an advertisement posted by a non-Malaysian user in the Romanian Leu market. Binance stated that this does not represent a continued evasion of local laws and expressed its intention to continue cooperating with regulators to provide services in a compliant manner.
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