Tech Brew Ride Home · Friday, October 30, 2026
Hackers stole $6.3 billion from Binance after breaking into an engineer's laptop and exploiting an Ethereum feature called EIP-7702. While stablecoin issuers and firms managed to freeze about $3 billion, Binance plans to cover the remaining losses using company funds and its SAFU emergency reserve.
“The hackers plundered $6.3 billion from the exchange's digital wallets by breaking into a Binance engineer's laptop, among other breaches, Binance said.”
“Binance will cover all losses from the Safu Fund and company funds, co-chief executive Richard Tang said Friday on X.”