Binance Hit by a $6.3B Security Nightmare: Nikita Bier Mocks CZ, While ZachXBT Spots a Bigger Threat

Billions in suspected stolen funds, $478 million in Bitcoin liquidations, and a possible North Korean connection has turned Binance's hack into crypto's biggest security story. The Binance hack has given the crypto industry one of those moments when the memes, the money, and the uncomfortable questions all arrive at once. Nikita Bier, X’s former head of product, didn’t hold back either. Taking a direct swipe at CZ, he wrote, “The largest crypto exchange in the world just experienced the largest robbery in human history – and the person running it is a nomadic autistic man in Dubai posting “Funds are SAFU!” What a time to be alive.” Meanwhile, Elon Musk said that “Everyday is Zeroday.” Inside the Binance Hack On October 29, Binance suffered a major security incident with an estimated impact of approximately $6.3 billion, according to the crypto exchange’s own update. On-chain investigations traced billions in unauthorized outflows across multiple blockchains, including Ethereum, Bitcoin, Tron, Arbitrum, Optimism, and Avalanche. The important detail is that Binance’s preliminary investigation points towards a compromised DevOps engineer’s laptop, which may have allowed the attacker t...