Ido Ben-Natan, co-founder of security firm Blockaid, says the sophistication of the recent Binance hack was essentially identical to that of the Bybit attack, with the dollar value of the losses being the main difference.
Binance and Bybit hacks · Blockaid assessment
Same playbook, different payday: the Binance and Bybit attacks look alike
Ido Ben-Natan, co-founder of Blockaid, says the sophistication of the recent Binance hack was essentially identical to the Bybit attack. In his view, the dollar value of the losses is the main difference.
How the two incidents compare, per Ben-Natan
Attack approach
Attackers appear to have followed the same playbook
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Sophistication
Essentially identical in both cases
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Main difference
The dollar value of the losses
What gives the view weight
Comes from a security practitioner who monitors blockchain threats
Points to a shared method, not just a shared outcome
Ties attacker capability to growing use of AI tools
What remains unconfirmed
No independent technical forensics were available
No official post-incident findings from Binance or Bybit
Attack chains have not been mapped side by side
Unclear whether overlap reflects common tooling or shared infrastructure weaknesses
Why it matters
If attackers use AI to sharpen their methods, defense has to move faster.
Reconnaissance
AI may refine how targets are scouted
Social engineering
AI may sharpen deception of staff and users
Code analysis
AI may speed up finding weaknesses in code
Exchanges and security vendors may need faster detection and quicker response. The comparison adds to the debate over whether AI is changing the economics of cybercrime, but it remains an industry assessment awaiting fuller technical confirmation.
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