Intent-Bound Authorization for Cryptocurrency Withdrawals Under Backend Compromise

Reported by arXiv cs.CR (Toqeer Ali Syed, Asadullah Abdullah Khan, Ali Akrama)

Summary by Cyber Security News3 Nov 2026, 06:00 CET

About this summary. This is a short excerpt from the description that arXiv cs.CR published with its article. Cyber Security News did not report or verify the underlying story. Read the original: https://arxiv.org/abs/2611.00839

arXiv:2611.00839v1 Announce Type: new Abstract: Binance's preliminary account of its October 2026 attack raises a custody question that key protection alone cannot answer: how can a provider prevent unauthorized withdrawals when an attacker controls a service permitted to request signatures? We propose the Intent-Bound Withdrawal Authorization Protocol (IWAP).

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