According to on-chain data, the attacked wallet received $26 million from another Binance hot wallet called “Binance 16” on Nov. 5. This may speak to and against the Binance Insider theory, in that someone at Binance may be privy to know the wallet was recently topped up but also that, because Binance is a prime target for attacks, being something as a trophy for hackers, being the largest exchange and all, it’s likely the exchange’s hot wallets are monitored closely by would-be hackers.
Related posts
-
Crypto Exchanges in South Korea Address Rumors of Mass Altcoin Delistings, Say Fears Overblown: Report
Crypto exchanges in South Korea are reportedly trying to dispel fears that the country’s new digital... -
Why High Volatility in Crypto Assets Can Be a Good Thing for Investors
A. With respect to correlation, a volatile asset like crypto is actually very important to decrease... -
Crypto Market In Panic As Bitcoin Crash To $57,000 Sends 105,000 Traders To The Slaughter
The crypto market is in a state of panic with a market-wide crash that has shaken...