Ethereum upgrade enabled attacker to drain part of Binance funds

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A bad actor exploited a 2025 Ethereum upgrade, which was designed to give standard wallets smarter functionality, to move assets out of Binance's holdings. The attacker reportedly used 50 signatures associated with Binance's own wallet to authorize the transfers. The episode is linked to part of a roughly $6 billion loss reported by the exchange. The article explains how the upgrade's features contributed to the drain. Further details on the scope and remediation were not specified in the source excerpt.

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