Blockaid secures $40M in funding commitments after $6.3B Binance hack

The onchain security firm says its AI flagged the exchange's drained hot wallets in under two minutes, and investors appear to have noticed Blockaid, an onchain security and threat prevention platform, has secured $40 million in funding commitments. The money arrived in early November 2026, days after a Binance hack with losses estimated at $6.3 billion. The October 29 breach was the largest theft Binance has on record. What happened at Binance, and what Blockaid saw The breach hit on October 29, 2026, and its total impact is estimated at $6.3 billion. Binance reported that approximately $3 billion in assets were frozen after the attack. The breach was attributed to a compromised laptop belonging to a DevOps engineer. That device reportedly opened the door to unauthorized withdrawals from the exchange. Blockaid says its AI models picked up anomalous outflows from Binance’s hot wallets in less than two minutes. Hot wallets are the internet-connected accounts exchanges use to process day-to-day withdrawals, which makes them convenient for users and attractive to attackers. Within 11 minutes, the firm says it had identified malicious EIP-7702 delegations. EIP-7702 is an Ethereum featu...