Binance CEO Says They’re Closer to Identifying Hacker Behind $570,000,000 Exploit
Major cryptoasset exchange Binance is closer to finding out the identity of the person(s) behind the $570 million hack on its native BNB blockchain, CEO Changpeng Zhao (CZ) told CNBC. CZ said that Binance is working with...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
CZ said that Binance is working with law enforcement to identify the perpetrator(s), stating that,
“The law enforcement gave us some tips on who they think it might be, […] so we’re actually narrowing down [the hacker].”
Zhao listed three elements that, combined, make the space safer....
Read More: Binance CEO Says They’re Closer to Identifying Hacker Behind $570,000,000 Exploit
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ethereum wants to hide your trades from bots before they can attack
Ethereum developers are weighing a new defense against predatory trading bots that exploit pending transactions before they reach...
Treasury’s New Stablecoin Rule Could Force US Exchanges to Delist Tether
Austin Campbell, founder of Zero Knowledge Group, said on the Bits + Bips podcast that Treasury’s newly proposed rules for the GEN...
Binance Gave Russian Investigators Data of Ukraine Donor to Build a Terrorism Financing Case, Documents Show
Binance supplied Russian investigators with a client’s identity documents and transaction history in 2025, and prosecutors folded...
Harmony Protocol to Roll Back Network After Massive Exploit
Following a security breach on Aug. 12 where an attacker exploited verification vulnerabilities to illicitly mint 2.385 trillion t...
Forced liquidations begin in 30 days for business crypto accounts missing new verification rules on Bybit
Bybit has given some Brazilian business users until Aug. 21 to complete additional verification. Accounts that miss a requested up...
Binance gave Russia customer details despite 2023 exit, report
Crypto exchange Binance reportedly handed Russian authorities the transaction details of one of its customers despite fully withdr...