Binance 10/29 incident — Wolfy’s 2-minute visual brief

WolfyXBT (@wolfyxbt) flags Binance’s initial public report on the 29 October 2026 security incident and posts a short (~2 minute) visual summary so readers can grasp a long write-up quickly. He quotes Binance’s article “29 October Binance Security Incident: Initial Findings and Response Update.”

Per that report: about USD 6.34 billion in digital assets were impacted; roughly USD 2.85 billion has been frozen or intercepted; Binance says it will absorb the loss for users and has already replenished most affected token assets (verifiable on Proof of Reserves). The FBI attributes the campaign to North Korea. The path combined supply-chain malware (June), fake recruitment / social engineering (September), pivot through an internal AI tool and stolen deployment credentials (20 October), then abuse of an internal wallet signing service on 29 October—moving large amounts of XRP, SOL, OP, and BTC, plus EIP-7702 delegations that kept working even after withdrawals were suspended until Binance cleared them with a special MPC procedure.