Proof of Work: Binance gets hacked

Binance suffered a hack this week, the specifics of which remain unclear. Some combination of multiple techniques allowed the hacker(s) to send themselves a single giant transaction of >7,000 BTC to an address under their control, from the Binance hot wallet. Binance announced that this would be 100% covered from their insurance fund, and that no user funds would be affected.

Jeremy Rubin, a BTC core dev and friend-of-the-newsletter had the following suggestion

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