After the attack on Binance, the Federal Reserve and OCC are investigating the banking system

According to a report by Reuters, after Binance suffered a $6.3 billion hacking attack last week, the U.S. Federal Reserve and the Office of the Comptroller of the Currency (OCC) began contacting banks on Monday to inquire whether their systems had experienced any unusual activity or service disruptions, in order to assess the risk of security incidents in the cryptocurrency market spreading to the traditional financial system.

Insiders stated that several banks are conducting security diagnostics on their internal systems and evaluating whether there are vulnerabilities that similar attack methods could exploit. The cybersecurity team of a major U.S. bank has contacted Binance and is in the process of drafting an internal report, which may lead to a review of systems and updates to cybersecurity measures.

Binance stated that it is currently maintaining close contact with global regulators and promptly reporting on this security incident. The Federal Reserve and OCC declined to comment. Insiders also pointed out that the rapid evolution of AI models has increased the difficulty for banks to defend against hacking attacks, and banks are investing significant resources to review and patch cybersecurity code.