Binance hackers had 8 weeks of access before $6.3B exploit, Security Alliance estimates

A recent report has revealed that hackers had an alarming 8 weeks of access to Binance before carrying out a $6.3B exploit. This prolonged period of unauthorized access raises serious concerns about the security measures in place at major crypto exchanges. The cybersecurity company Security Alliance has flagged similar patterns of multi-stage intrusion behind other high-profile crypto heists, including the $388 million Bitget hack. The fact that hackers were able to remain undetected for such a long period of time is a worrying sign for the industry. The breach has significant implications for the security of the crypto industry and may lead to increased calls for regulation and improved security measures. The incident is also likely to have a major impact on investor confidence in crypto exchanges. As a result, exchanges will need to reassess and strengthen their security protocols to prevent such incidents in the future.