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Binance battles to save its brand after record $6.3bn crypto hack

World’s largest crypto exchange faces fallout from angry customers, and Lula wins with WhatsApp This was originally published in TechScape, a newsletter about how technology shapes our lives. Sign up to receive it here This week in tech, we’re discussing the fallout from the multibillion-dollar hack of Binance and the significance of Lula’s political mobilization on WhatsApp . And if you’ll be at Web Summit in Lisbon next week, drop me a line! I’ll be there moderating panels on open-source AI and human agency in the age of AI agents. Tell us: have you been affected by the Binance hack? Polymarket temporarily suspends trading on international platform due to security incident How crypto hacking funds isolated North Korea’s nuclear programme Ghost in the machine: how AI is haunting the search for the supernatural Computerized clairvoyance: psychics push back against AI-generated readings The staggering $446m Elon Musk has spent on the US midterms – visualized Billionaire tax: how a union leader’s ‘crazy’ idea became the defining issue of California’s midterms How tech became the villain of the US midterms The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax Continue reading...

The Guardian · 12h ago
North Korea’s Hackers Supercharge Crypto Heists With AI Skills

The North Korean group accused of the world’s largest-ever crypto heist is a state-sponsored collective of elite hackers, groomed from an early age to hunt for “big game.” Artificial intelligence has now provided them with a powerful new tool to swell Kim Jong Un’s coffers and fund his military expansion.

Bloomberg · Nov 2
Investors pull billions in funds from Binance after record $6.3bn hack

Cryptocurrency exchange has begun to allow withdrawals after theft believed to have come from North Korea Investors have pulled $3.6bn (£2.7bn) in funds from the cryptocurrency exchange Binance as it recovers from a record hack in which billions were stolen from customer accounts. The platform was hit by a $6.3bn theft on Thursday, which has since been described as the biggest heist in history. Experts identified North Korea as the probable culprit . Continue reading...

The Guardian · Nov 1
North Korea linked to massive Binance crypto heist

The FBI says North Korea was behind the massive $6.3 billion crypto heist that hit Binance on October 29th. The FBI labeled the activity "TraderTraitor" and said that it had observed actors it has connected to hack converting the tokens to Ethereum and preparing for further laundering of the funds. The agency offered few other […]

The Verge · Nov 1
AI Spending Fears Hammer Big Tech Stocks

Bloomberg Senior Editor for Technology and Strategic Industries Mike Shepard tells Bloomberg This Weekend that disappointing Big Tech earnings are intensifying investor concerns about whether massive AI spending will generate sufficient returns, as Alphabet and Intel come under particular pressure. Speaking with hosts David Gura and Lisa Mateo, Shepard also discusses the record $6.3 billion Binance hack and the possibility that North Korean hackers were responsible. (Source: Bloomberg)

Bloomberg · Oct 31