Binance heist is stark example of AI governance gaps and basic security failures

A record-breaking $6.34 billion crypto heist at Binance was facilitated by avoidable security lapses and an overprivileged internal AI tool, according to the company's initial findings report and security experts. The attackers compromised developer workstations through social engineering and malware, then leveraged an internal AI tool with overly broad access controls to pivot to other systems, obtain a deployment token, and execute rogue withdrawals. The FBI has attributed the breach to North Korea's Lazarus-linked TraderTraitor unit. Open article →