Incident Score: Analysis & Impact (BIN1766986758)
The details regarding individual company incidents & reports gives you full view from every side.
Rankiteo Score Impact Analysis
Key Highlights From The Incident Analysis
- Timeline of Binance's Cyber Attack and lateral movement inside company's environment.
- Overview of affected data sets, including SSNs and PHI, and why they materially increase incident severity.
- How Rankiteo’s incident engine converts technical details into a normalized incident score.
- How this cyber incident impacts Binance Rankiteo cyber scoring and cyber rating.
- Rankiteo’s MITRE ATT&CK correlation analysis for this incident, with associated confidence level.
Full Incident Analysis Transcript
In this Rankiteo incident briefing, we review the Binance breach identified under incident ID BIN1766986758.
The analysis begins with a detailed overview of Binance's information like the linkedin page: https://www.linkedin.com/company/binance, the number of followers: 964173, the industry type: Technology, Information and Internet and the number of employees: 13525 employees
After the initial compromise, the video explains how Rankiteo's incident engine converts technical details into a normalized incident score. The incident score before the incident was 620 and after the incident was 605 with a difference of -15 which is could be a good indicator of the severity and impact of the incident.
In the next step of the video, we will analyze in more details the incident and the impact it had on Binance and their customers.
On 24 December 2023, Trust Wallet disclosed Supply Chain Attack issues under the banner "Trust Wallet Browser Extension Security Incident".
Cryptocurrency wallet Trust Wallet reported a security incident affecting version 2.68 of its browser extension.
The disruption is felt across the environment, affecting Trust Wallet browser extension (v2.68), and exposing Private keys.
In response, moved swiftly to contain the threat with measures like Users advised to disable the vulnerable extension and upgrade to v2.69, and began remediation that includes Release of patched version (v2.69), and stakeholders are being briefed through Public advisory to users.
The case underscores how Ongoing, and recommending next steps like Users should avoid entering private keys in browser extensions and use desktop/mobile versions instead. Regularly update wallet software, with advisories going out to stakeholders covering Trust Wallet team and Binance (former CEO) advised users to upgrade and offered compensation.
Finally, we try to match the incident with the MITRE ATT&CK framework to see if there is any correlation between the incident and the MITRE ATT&CK framework.
The MITRE ATT&CK framework is a knowledge base of techniques and sub-techniques that are used to describe the tactics and procedures of cyber adversaries. It is a powerful tool for understanding the threat landscape and for developing effective defense strategies.
MITRE ATT&CK® Correlation Analysis
Rankiteo's analysis has identified several MITRE ATT&CK tactics and techniques associated with this incident, each with varying levels of confidence based on available evidence. Under the Initial Access tactic, the analysis identified Supply Chain Compromise: Compromise Software Supply Chain (T1195.002) with high confidence (90%), supported by evidence indicating attackers uploaded a vulnerable version of the wallet to the app store under Trust Wallets official brand and Drive-by Compromise (T1189) with moderate to high confidence (70%), supported by evidence indicating malicious browser extension update exploited via vulnerable version 2.68. Under the Credential Access tactic, the analysis identified Unsecured Credentials: Credentials In Files (T1552.001) with high confidence (95%), supported by evidence indicating users entered private keys into the vulnerable extension, leading to unauthorized access. Under the Collection tactic, the analysis identified Data from Information Repositories: Code Repositories (T1213.001) with moderate to high confidence (80%), supported by evidence indicating private keys compromised from users of Trust Wallet browser extension v2.68. Under the Exfiltration tactic, the analysis identified Exfiltration Over Alternative Protocol: Exfiltration Over Symmetric Encrypted Non-C2 Protocol (T1048.001) with high confidence (90%), supported by evidence indicating stolen tokens funneled through intermediate addresses before cashing out via exchanges. Under the Impact tactic, the analysis identified Data Encrypted for Impact (T1486) with moderate confidence (50%), supported by evidence indicating unauthorized access and theft of assets (ETH, BTC, SOL) and Financial Theft (T1657) with high confidence (95%), supported by evidence indicating nearly $7 million lost due to exploit; funds drained from wallets. Under the Defense Evasion tactic, the analysis identified Masquerading: Match Legitimate Name or Location (T1036.005) with high confidence (90%), supported by evidence indicating malicious version uploaded to app stores under Trust Wallets official brand. These correlations help security teams understand the attack chain and develop appropriate defensive measures based on the observed tactics and techniques.
Sources & References
- Binance Rankiteo Cyber Incident Details: https://www.rankiteo.com/company/binance/incident/BIN1766986758
- Binance CyberSecurity Rating page: https://www.rankiteo.com/company/binance
- Binance Rankiteo Cyber Incident Blog Article: https://blog.rankiteo.com/bin1766986758-cyber-attack-december-2025/
- Binance CyberSecurity Score History: https://www.rankiteo.com/company/binance/history
- Binance CyberSecurity Incident Source: https://happycoin.club/en/iz-za-inczidenta-s-bezopasnostyu-polzovateli-trust-wallet-lishilis-7-mln/
- Rankiteo A.I CyberSecurity Rating methodology: https://www.rankiteo.com/Images/rankiteo_algo.pdf
- Rankiteo TPRM Scoring methodology: https://static.rankiteo.com/model/rankiteo_tprm_methodology.pdf