According to security firm Blockaid, hackers transferred approximately $2.5 billion in stolen cryptocurrency from Binance in a single transaction last week, paying only $15 in network fees. The stolen funds represent roughly 40% of the $6.3 billion that was taken from the exchange. The attackers exploited an on-chain authorization function that allows crypto wallet software to transfer funds on behalf of users without requiring separate approval for each transaction, enabling them to move the large sum while minimizing detection risk.

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