The Binance Hack Explained. A Heist worth $570 million with a twist!

Presented by

Guy Rosefelt - Sangfor Security CPO

About this talk

Attacks on cryptocurrency exchanges are becoming more common and more lucrative, an example that hackers are looking for any source of revenue. There were over 40 successful heists of cryptocurrency exchanges in 2021 with over US$30 billion in losses and at least 6 major heists this year totaling almost US$1 billion. How are attackers so successful at robbing cryptocurrency banks? The answer might surprise you. This session will uncover some interesting facts about these heists and why the recent Binance exchange robbery was different from the others. Spoiler alert: keep your cryptocurrency offline in your own wallet.

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