Binance's last major hack was in 2019 when 7,000 BTC, worth approximately $40 million, were stolen from the exchange's hot wallet. The SAFU Foundation fully covered the loss. Today's theft is suspected to involve around $6 billion (with $2.54 billion already frozen), making it the largest hack in crypto history, surpassing Bybit's $1.5 billion and the 850,000 BTC (worth approximately $480 million) involved in Mt. Gox's 2014 collapse. Many technical analyses now point to EIP-7702, but 7702 is more likely a tool used by the hackers rather than the root cause of the wallet's compromised permissions. The real question is: how did the hackers gain valid authorization to Binance's hot wallet? Was it a direct leak of the private key? A breach of the signature system? An internal server intrusion? Or a social engineering attack? These all await an official investigation and the release of a full incident report. Besides the market crash caused by the stolen tokens—for example, over 31 million Pepes have already been sold off—the overall market and user confidence have been severely damaged once again. It's incredibly difficult.