Binance co-CEO Richard Teng gave an update on the roughly $6.3 billion hack, saying multiple people were involved and attackers used self-destruct mechanisms to erase traces. He said EIP-7702 was used to gain execution authority over a hot wallet, bypassing normal approval controls. Binance has paused withdrawals to rebuild systems, targeting restoration within 40 hours, which keeps exchange-linked risk in focus for traders.
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