“Binance says no keys were leaked. The attackers manipulated the system that approves withdrawals, the same approach used in last year's $1.5 billion theft from Bybit, which targeted a transfer out of cold storage,”

Michael Tanguma · said date not stated · reported 2026-10-31

Tanguma described how attackers manipulated Binance's withdrawal approval system, comparing it to the Bybit cold storage theft.