Binance has just released a preliminary investigation report: The figures: The total amount stolen is $6.3 billion, of which $3 billion has been frozen. Assuming all $3 billion can be recovered, there's still a $3.3 billion shortfall. Binance's revenue in 2025 is estimated at $5.5-6 billion. Based on a 50-60% net profit margin, Binance's annual net profit is between $2.5-3.5 billion. Combined with the SAFU fund's over $1 billion, this could cover the $3.3 billion shortfall. The reason: This incident may be related to the hacking of a DevOps engineer's laptop. The attacker used this computer to access the service container and submit unauthorized withdrawal transactions. This is similar to the previous Bitget theft incident (https://(x.com)/Sea_Bitcoin/status/2103276977352552537), where the private key wasn't directly leaked, but rather the internal system was compromised, allowing the attacker to bypass or abuse the normal withdrawal authorization process. However, this time, the Binance hackers also exploited the delegated execution mechanism of EIP-7702 to achieve a large-scale batch transfer of assets. Seven or eight major altcoins have already been dumped, and the results of the sell-off are reflected in the price. The remaining task is for market confidence to slowly recover...