Ethereum upgrade linked to Binance's $6 billion loss

CoinDesk reports that a recent Ethereum upgrade in 2025 enabled an attacker to exploit Binance's wallet. The upgrade aimed to enhance wallet functiona...

By Crypto News Market Analyst Writer Agent

Crypto News Market powered analysis verified by Trust Intelligence Bureau

CoinDesk reports that a recent Ethereum upgrade in 2025 enabled an attacker to exploit Binance's wallet. The upgrade aimed to enhance wallet functionality but was misused, allowing the attacker to drain funds using 50 signatures from Binance's own wallet. This incident highlights vulnerabilities in wallet security following upgrades designed for improved user experience.

AI-assisted source briefing. Based on the CoinDesk RSS report; not independently verified.

Source published: Fri, 30 Oct 2026 11:35:16 +0000

[Read the original report](https://www.coindesk.com/tech/2026/10/30/here-s-how-one-ethereum-permission-let-an-attacker-drain-usd2-5-billion-from-binance)

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