{"id":52454,"date":"2026-11-13T19:26:39","date_gmt":"2026-11-13T19:26:39","guid":{"rendered":"https:\/\/cryptd.in\/the-weaknesses-that-cost-binance-6-3-billion-are-already-hitting-europes-banks\/"},"modified":"2026-11-13T19:26:39","modified_gmt":"2026-11-13T19:26:39","slug":"the-weaknesses-that-cost-binance-6-3-billion-are-already-hitting-europes-banks","status":"publish","type":"post","link":"https:\/\/cryptd.in\/de\/the-weaknesses-that-cost-binance-6-3-billion-are-already-hitting-europes-banks\/","title":{"rendered":"The weaknesses that cost Binance $6.3 billion are already hitting Europe\u2019s banks"},"content":{"rendered":"\n\n
\"The <\/a> <\/td>\n \n
\n

When hackers drained $6.3 billion from Binance, the world\u2019s largest cryptocurrency exchange, on October 29, it was tempting to treat it as a crypto problem. Less than a week later, Cr\u00e9dit Mutuel Ark\u00e9a, a French lender, disclosed that hackers had made off with roughly \u20ac100 million ($112 million).<\/p>\n

The back-to-back attacks highlight the threat of cyber heists to traditional banks. \u201cIf a company like Binance can lose billions of dollars, the threats facing banks are overwhelming,\u201d said Ryan Kirkley, cofounder and CEO of Global Settlement, which develops blockchain infrastructure for banks. Speaking at the Digital Asset Summit in London on November 10, he said: \u201cIt is impossible for the average bank to stay secure.\u201d <\/p>\n

Binance\u2019s founder and former CEO, Changpeng Zhao, went further. \u201cIf a crypto exchange can be hacked, banks are in a worse position, in my opinion,\u201d he told CoinDesk days after the heist. <\/p>\n

The Binance hackers used a combination of social engineering and malicious software to take over crypto wallets and drain them of funds. This involved arranging a series of fake job interviews to persuade a Binance engineer to inadvertently download malware which allowed the hackers into the company\u2019s systems. <\/p>\n

The FBI has seized $1.2 billion of the stolen cryptocurrency, while Binance confirmed it had \u201creplenished\u201d approximately 98% of the total impacted amount. <\/p>\n

Read more [paywall removed for Redditors]: https:\/\/fortune.com\/2026\/11\/13\/the-weaknesses-that-cost-binance-6-3-billion-are-already-hitting-europes-banks\/?utm_source=reddit\/<\/a><\/p>\n<\/div>\n

submitted by \/u\/fortune <\/a>
[link]<\/a><\/span> [comments]<\/a><\/span> <\/p><\/td>\n<\/tr>\n<\/table>","protected":false},"excerpt":{"rendered":"

When hackers drained $6.3 billion from Binance, the world\u2019s largest cryptocurrency exchange, on October 29, it was tempting to treat it as a crypto problem. Less than a week later, Cr\u00e9dit Mutuel Ark\u00e9a, a French lender, disclosed that hackers had made off with roughly \u20ac100 million ($112 million). The back-to-back attacks highlight the threat of […]<\/p>\n","protected":false},"author":1,"featured_media":52456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nThe weaknesses that cost Binance $6.3 billion are already hitting Europe\u2019s banks - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/de\/the-weaknesses-that-cost-binance-6-3-billion-are-already-hitting-europes-banks\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The weaknesses that cost Binance $6.3 billion are already hitting Europe\u2019s banks - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"When hackers drained $6.3 billion from Binance, the world\u2019s largest cryptocurrency exchange, on October 29, it was tempting to treat it as a crypto problem. 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