Crypto

Binance’s $6.3B hack exposes hot wallet security flaws

Guavy AI Editorial Team Published November 6, 2026

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Binance’s recent $6.3 billion security breach has raised serious questions about the safeguards surrounding its hot wallets. The attack, which Binance co-CEO Richard Teng confirmed on Oct. 30, primarily affected the exchange’s own hot wallet. Most customer assets were stored offline in cold storage…

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