The Fed and regulatory agencies urgently investigate vulnerabilities in the banking system to prevent the spread of hacker attacks
2026-11-05 18:45:42
According to CoinMeta, and as reported by Reuters, following a hacker attack on Binance involving a amount of $6.3 billion, U.S. regulatory authorities urgently contacted several commercial banks to identify potential vulnerabilities in their systems in order to prevent the spread of cybersecurity risks from the crypto market to the traditional financial system. Sources familiar with the matter revealed that regulators from the Federal Reserve and the Federal Reserve Board have been intensively questioning major banks since Monday morning about any abnormal activities or business disruptions. Meanwhile, Wall Street banks are conducting comprehensive diagnostics of their own systems to guard against similar attacks. Industry insiders point out that hackers' use of rapidly evolving AI models for targeted penetration has become a major challenge for the banking industry's defenses, and currently, major banks are deploying substantial resources to review and fix code vulnerabilities.
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