RE: Binance Hack Details: $6.3 BILLION Stolen
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Breaking the crypto is hard, but people are the weak link. You would think there would be checks in place for big transfers. I don't have anything on such exchanges so I have to do my own security.
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Well, my guess is that the container they were operating in was the service that has final approval on something like that. After all, they transferred other people's money.
I'm sure there were people that don't even know the exchange has that capability to begin with.
On the positive side, Binance has already said they'll make everyone whole.
Also, $1.5 billion of it was stable-coins like Tether, and supposedly they can actually pull those back or undo the transfer. They froze them, and they act differently because they're centralized. Makes me wonder why they bothered to transfer them in the first place.