Binance's $6.3 Billion Theft: He Yi, Richard Teng, and Head of Security Provide a Comprehensive Review. Binance Co-CEOs He Yi, Richard Teng, and Chief Security Officer Jimmy Su provided their first systematic review of the major security incident on October 30th. Binance stated that hackers induced engineers to run malicious code through fake job postings and technical interviews, infiltrating the internal wallet signature service and exploiting on-chain authorization mechanisms to continue transferring assets after withdrawals were suspended, ultimately causing a loss of approximately $6.34 billion. As of the time of this report, approximately $2.85 billion in assets have been frozen or intercepted, and 98% of the affected tokens have been replenished. Binance has pledged to bear all losses itself. This incident exposed systemic risks related to social engineering attacks, employee terminal security, MPC wallet permissions, and on-chain authorization revocation mechanisms. He Yi emphasized increased transparency, stating that Binance plans to rebuild the relevant wallet infrastructure, strengthen internal isolation, and introduce independent security audits. The above loss and recovery data are based on Binance's statements. Read the full article: https://wublock123.com/articles/binance-630-million-hack-he-yi-richard-teng-security-review-59836