Binance Recovers $823 Million USDC, Actively Countering Hackers

After the attackers exploited a malicious EIP-7702 authorization to control the Binance wallet, the wallet keys remained functional. Binance executed transactions using the signature keys, recovering $823 million USDC. The attackers had obtained 50 valid authorizations signed by the wallet keys, one of which successfully activated malicious code, transferring 65 types of assets. Despite Tether and Circle blacklisting the attacker's address, the asset transfers continued; a deposit of $200 million USDT was transferred just 100 seconds after it was credited.

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