Fed and OCC Probe Bank Security After Binance’s $6.3B Hack: Report
The Federal Reserve and Office of the Comptroller of the Currency (OCC) contacted U.S. banks following Binance’s $6.3 billion hack, Reuters reported Nov. 5. Supervisors sought information about suspicious activity, service disruptions, and cybersecurity vulnerabilities. The regulatory inquiries followed the Oct. 29 Binance theft, which investigators attributed to North Korean hackers, and was followed by […]
Story summary
The Federal Reserve and Office of the Comptroller of the Currency (OCC) contacted U.S. banks following Binance’s $6.3 billion hack, Reuters reported Nov. 5. Supervisors sought information about suspicious activity, service disruptions, and cybersecurity vulnerabilities. The regulatory inquiries followed the Oct. 29 Binance theft, which investigators attributed to North Korean hackers, and was followed by […]
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