Photo: The Marriner S. Eccles Federal Reserve Board Building in Washington / AgnosticPreachersKid, Wikimedia Commons / CC BY-SA 3.0
By: JBizNews Desk 🌎
U.S. banking supervisors have been calling banks to ask whether last week’s $6.3 billion hack of crypto exchange Binance caused any unusual activity or disruption in their systems, Reuters reported, citing several people familiar with the matter.
Supervisors at the Federal Reserve and the Office of the Comptroller of the Currency started the calls on Monday morning, Reuters reported. One bank that regulators contacted said it found no disruptions, and that customers have asked few questions.
Banks are also checking themselves. Two people told Reuters that lenders are running diagnostics to see whether they could withstand a similar attack. A cybersecurity team at one of the largest U.S. banks contacted Binance within hours of the hack and is writing an internal report that will lead to a review of its own systems, one of the people said.
The checks are precautionary. There is no confirmed breach of any U.S. bank and no reported customer losses tied to the hack. The Fed and the OCC declined to comment, Reuters reported. Binance said it was unaware of the conversations between bankers and regulators or of any impact on U.S. banks.
The episode shows how closely crypto markets and traditional banking are now linked: a theft at a crypto exchange, believed to be the largest financial heist in history, quickly became a question for bank regulators. Binance last week revoked some API keys linked to trading firm SignalPlus as a precaution after a security warning, JBizNews reported.
JBizNews Desk | New York
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