Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss
An attacker reportedly exploited a 2025 Ethereum upgrade, designed to give ordinary wallets more capabilities, using 50 signatures tied to Binance's own wallet. The episode is linked to part of a roughly $6 billion loss at the exchange. ETH was trading at $2,248 when the story was published, and it has since moved down 0.1%.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionETH/USD around the story−0.02% since the news
Price at the news$2,241.97
First hour after−0.31%
Since the news−0.02%
Volume that hour0.6× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.