U.S. regulators probe bank system security risks after Binance's $6.3 billion hack

TechFlow reported on November 5 that, according to Reuters, the U.S. Federal Reserve (Fed) and the Office of the Comptroller of the Currency (OCC) have begun contacting banks to ask whether they have observed unusual activity or service disruptions, in order to assess potential security risks to the banking system exposed by Binance's recent $6.3 billion hack. Sources familiar with the matter said several U.S. banks are checking their cybersecurity systems, and one major bank has begun preparing an internal report to assess whether it needs to upgrade its security measures. Binance said it is in close contact with regulators worldwide and is updating them on the security incident. There is currently no evidence that U.S. banking systems have been affected by the attack.

Source: TechFlow