Blockaid CEO Binance hacking incident may have stemmed from a compromise of the signing system; Binance has not yet confirmed the attack method
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Blockaid CEO Binance hacking incident may have resulted from a compromise of the signing system, but Binance has not yet confirmed the specific attack method.
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Blockaid CEO: Binance hacking incident may have stemmed from a compromise of the signing system, rather than theft of private keys
PANews October 30 reported, according to Cointelegraph, that Blockaid CEO Ido Ben-Natan stated that Binance's hacking incident today may have resulted from a compromise of its signing system, rather than theft of private keys. The attacker reportedly packaged 50 approvals EIP-7702 into a single transaction to hijack Binance wallets. Binance has not yet confirmed the specific attack method.
According to Cointelegraph, Blockaid CEO Ido Ben-Natan stated that Binance's hacking incident today may have resulted from a compromise of its signing system, rather than theft of private keys.
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The attacker reportedly packaged 50 approvals EIP-7702 into a single transaction to hijack Binance wallets.
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Binance has not yet confirmed the specific attack method.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an assessment of an attack mechanism that has not yet been confirmed by Binance. Ido Ben-Natan believes the issue may lie with the signing system rather than stolen private keys; the report also stated that the attacker may have used a transaction containing 50 approvals EIP-7702 to hijack wallets.
Why it matters to readers
If the relevant claims are true, the incident involves the security of signatures and approvals for Binance wallets; however, the described attack method cannot currently be treated as a confirmed conclusion.
Beginners should distinguish between “professional speculation” and “official platform confirmation,” and should view such claims cautiously until the cause of the attack is clarified.
Risks and unknowns
Binance has not yet confirmed whether the signing system was compromised.
Whether private keys were stolen has also not been confirmed by Binance.
50 approvals EIP-7702 and the method of wallet hijacking are described only as “reportedly” in the original text.
The original text does not specify the scope of affected wallets, financial losses, or response measures.
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Related concepts
Signing system
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