Two multi-million dollar thefts against Binance clients, one successful and one only briefly successful, were identified over the weekend.
On-chain analyst ZachXBT reported on Nov. 11 that an attacker stole $27 million of Tether (USDT) one day earlier. He noted that the victim’s address is connected to the Binance deployer, an address used to create the company’s smart contracts.
Though some reports suggest that Binance’s own contracts were hacked, a Binance spokesperson suggested otherwise. In a statement to CoinDesk, they said:
“The user made a withdrawal from Binance, which was valid and authorized on our platform. Unfortunately, the DeFi wallet that received the withdrawal was compromised.”
The representative added that although the transfer is outside of Binance’s control, its security team is looking into the matter and would offer assistance if possible.
ZachXBT also revealed that the attacker swapped the stolen USDT for Ethereum (ETH) and then transferred the stolen
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