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CertiK's Jonathan Riss says signing limits may have curbed Binance losses

NewsFeeds update

CertiK analyst Jonathan Riss says public records show a hot wallet on Ethereum was repeatedly drained after new deposits during Binance's $6.3bn security incident, which affected assets across 10 blockchains. He says limits enforced by the signing system itself could have capped transfers, while app-level limits could be bypassed if that app were compromised.

EthereumOdailyAIBearish

Read the original on Odaily

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.