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BINANCE REPORTEDLY FOUGHT BACK AGAINST HACKERS IN REAL TIME, RECOVERING $823 MILLION IN USDC According to an on-chain analysis, Binance’s wallet key remained functional even after attackers used a malicious EIP-7702 authorization to take control of the wallet. Binance reportedly used its signing key to execute transactions through the compromised wallet, recovering $823 million in USDC. The attackers had allegedly obtained 50 valid authorizations signed by the wallet key, with one successfully activating malicious code that drained 65 assets. Even after Tether and Circle blacklisted the attacker’s address, the draining reportedly continued, including a $200 million USDT deposit swept just 100 seconds after arriving.