alt Hacker NewsHow is it possible that Binance doesn't have a system that disallows massive simultaneous withdrawals without some kind of two-key manual override or something?
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ftchd • today at 12:12 AM
"massive" is relative, for Binance this amount could be a few % of a normal day.
The theft occurred on-chain with smart contract execution, not with their platform. The money was stolen directly from the hot wallet.