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via finance.yahoo.comTech & AI

A $15 Ethereum permission reportedly led to a $2.5B drain from Binance

FROM THE WIRE · FINANCE.YAHOO.COM

Scott Melker discusses how hackers reportedly used a roughly $15 ethereum (ETH-USD) wallet delegation permission to drain about $2.5 billion from Binance (AIBINANCE-USD). "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA large-scale security exploit can weigh on crypto sentiment and confidence in exchanges.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Hackers reportedly used an Ethereum wallet delegation permission to drain about $2.5 billion.
  2. 02Blockaid estimates that a single permission enabled the drain.
  3. 03The video cites total thefts of $6.3 billion from Binance.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EthereumETHUSDCrypto2,228.08 USD-0.06%today -0.29%Negative BitcoinBTCUSDCrypto75,784.18 USD+0.21%today -0.21%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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