According to a statement shared by the cryptocurrency exchange on X, Binance has alerted its customers regarding a serious vulnerability impacting iOS versions 26.7.1, 27.0.1, and 27.2.
The flaw (referred to as ‘worse_query’), impacting iOS versions 26.7.1, 27.0.1, and 27.2, enables harmful applications to access local files of different apps. This presents a danger to seed phrases, private keys, and login information throughout the entire ecosystem. “The problem lies within the iOS system itself and is not restricted to the Binance application,” the company said.
The cryptocurrency platform has recommended that users remove any applications obtained from unverified sources and upgrade their operating system and all software to the most recent official versions.
In late October, around $6.3 billion in assets were taken from Binance wallets, the biggest heist in the history of the industry. As per the analytics company TRM Labs, most of the funds were drained within 20 minutes, commencing at 20:05 UTC. The funds were removed from Binance wallets on 10 various blockchains.
Eric Jardine, Chainalysis’s research leader, observed that the money was transferred using Bitcoin, Ether, Tron, Ripple, and multiple Layer 2 networks. An hour into the attack, Binance co-founder Changpeng Zhao posted on X that it “appears to be a hack.” On October 31, the U.S. Federal Bureau of Investigation (FBI) announced that North Korea was responsible for the hack, which Pyongyang has refuted.
Binance has taken total accountability for all monetary repercussions arising from the breach. As of October 31, the cryptocurrency exchange reports that it has reclaimed 98% of the assets impacted by the attack.
source: reuters.com
