On 3 November 2026 Binance co-CEO Richard Teng and technical briefings described a months-long campaign: fake interviews, a malicious coding assignment and access via internal AI tools led to an EIP-7702 delegation that emptied a hot wallet on 29 October. Binance says it has replenished about 98% of the $6.34 billion in affected assets and is still buying less liquid ones. No cryptography was broken; trusted people and tools were abused.

What it means: The new account shifts focus from a single laptop failure to social engineering and abuse of internal AI developer tools. Greek exchanges, custodians and crypto payments teams need tighter hiring controls, isolation of coding tests from corporate machines and separation of duties on wallet-signing services. Slow MPC delegation revocation underlines the need for revocation playbooks before an incident. This is not trading advice; it is an operational-security lesson for anyone holding customer keys. For Greek businesses and public bodies this means a practical review of contracts, timelines and compliance duties, and it is not investment or legal advice. IT, finance and compliance teams should document owners, review cycles and fallback processes before wider adoption or a vendor change. For Greek businesses and public bodies this means a practical review of contracts, timelines and compliance duties, and it is not investment or legal advice. IT, finance and compliance teams should document owners, review cycles and fallback processes before wider adoption or a vendor change.

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