Binance hacker swaps over 130 altcoins for $279 million, SHIB price rebounds

Blockchain analytics platform Lookonchain has reported that the hacker responsible for the recent Binance security breach has sold more than 130 altcoins across Ethereum Virtual Machine (EVM) compatible blockchains, amassing proceeds close to $279 million. The incident, which was identified last Thursday, compromised approximately $6.3 billion in assets, making it the most significant crypto theft recorded so far. Binance stated that the breach likely originated from a DevOps engineer’s compromised device, granting attackers access to a service container that enabled unauthorized withdrawals. According to Binance, initial response measures focused on containing the attack, securing user assets, and investigating the source. Company officials emphasized that user funds would not be affected as the platform moved quickly to replenish the affected tokens.

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