Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

CoinDesk · Fri, 30 Oct 2026 11:35:16 GMT

OmniFin Portal's take

Excerpt from CoinDesk: “On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.”

Rule-based headline sentiment: Neutral

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ETH1 ETH = 2,242.98 USD

More Crypto headlines

Binance hackers raced to move billions before it could be frozen— Cointelegraph Experts divided over Binance hack asset freezes, warn recovery is another matter— CoinDesk Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B— Cointelegraph Coinbase leads crypto stock selloff following $6.3B Binance hack— Cointelegraph

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