Binance Details Months-Long Campaign Behind $6.34 Billion Hack

The disclosure shifts the emphasis from a single exploit to a sustained, patient operation, which is a harder problem for exchanges than a one-off breach: defenses built around point-in-time detection may not catch an adversary that spends months inside. The replenishment figure speaks to balance-sheet capacity, but the admission that pausing withdrawals didn't fully contain outflows raises a question about how much control a venue actually has mid-incident. Whether other large platforms publish comparable post-mortems, and how much operational detail they disclose, is the open question.