this post was submitted on 04 Nov 2026
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According to the report, the attack started when an employee from Binance's wallet developer team downloaded an AI tool in June that had been tampered with. The crypto exchange detected the compromise, replaced the device, and changed credentials. But the employee's role, and that of others on the wallet team, was exposed to the hacker. A second software engineer was targeted in September.

The engineer was seeking a new job and downloaded a "malicious code repository" onto his computer after interviewing for what he thought was a legitimate role. The interview process included a virtual meeting with the CEO of a fictitious company.

On October 20, the attacker used the compromised computer plus an internal AI tool to gain control of the wallet developer's system and that of a second wallet developer on that team.

On 29 October, the attacker used the second wallet developer's computer, using stolen credentials from the first wallet developer, and triggered a malicious script to launch the attack.

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[–] urushitan@kakera.kintsugi.moe 26 points 4 days ago* (last edited 4 days ago)

There’s something sort of poetic in an engineer working for a massive crypto company, probably already very well paid, shirking his ethics to use his company laptop to apply for another job, and then opening them up to a breach. Breed a culture of selfishness, get pwned by a more progressively selfish system.

Remember the founder of Binance:

He resigned as the CEO of Binance in November 2023 after the U.S Department of Justice alleged he violated the Bank Secrecy Act and the International Emergency Economic Powers Act.[2][3] He pleaded guilty and was sentenced to four months in prison in April 2024.[3][4] Zhao completed his sentence by September of the same year.[5] In October 2025, Zhao was given a presidential pardon by President Donald Trump.[6]

Zero sympathy for anyone involved, got what was coming