Binance says it has restored backing for 90% of assets affected by its $6.3 billion hack and is planning to resume withdrawals, subject to security checks.
A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.
Interest groups tied to cryptocurrency are spending millions to tilt the midterm elections. They had mixed success in 2024
Bloomberg Intelligence Senior Government Analyst Nathan Dean tells Bloomberg This Weekend that the midterm results could reshape congressional oversight while the Trump administration continues pursuing deregulation across banking, crypto and other industries. Speaking with hosts David Gura and Lisa Mateo, Dean explains what investors should watch in energy, AI, banking and trade, including the potential for further tariffs and changes that could encourage regional bank consolidation. (Source: Bloomberg)
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)
A massive cyber heist of crypto exchange Binance is exposing some of the fragilities of the sector and reinforcing perceptions of the industry as a financial Wild West, critics warn.
Binance executives are scrambling to recover billions of dollars after the crypto platform was hit by what is being described as the biggest heist in cryptocurrency history. Hackers reportedly stole $6.3 billion from users, with analysts pointing the finger at North Korea. The attack far surpasses the previous record set in February 2025, when hackers stole $1.5 billion from crypto exchange Bybit.
The world's biggest crypto heist is the latest feat by North Korean hackers who have spent years perfecting an arsenal of financial theft, social engineering and sophisticated cyberattacks. Why it matters : The suspected North Korean hackers behind the $6.3 billion Binance theft appear to have combined familiar hacking tactics with extraordinary speed and automation — raising fresh questions about how AI could supercharge their already sophisticated operations. Driving the news : Binance said late Thursday that its blockchain partners have frozen at least $3 billion of those $6.3 billion assets on-chain so far, and it believes the hackers gained initial access by compromising one engineer's laptop alongside other "points of breach." Several blockchain investigation firms have tied the hack to TraderTraitor, a group linked to the North Korean government's Lazarus Group collective. Binance co-CEO Richard Teng said in a video on social media Friday that the attackers also used a "self-destruct mechanism that destroyed tooling and traces" as they went, making it more difficult to investigate what happened. "This was a complex attack," he said. The big picture: North Korean government hackers have spent more than a decade carrying out financial heists and disruptive cyberattacks, and they have turned cryptocurrency theft into an industrial-scale operation. In 2016, hackers attempted to steal nearly $1 billion from Bangladesh's central bank, successfully making off with $81 million. In 2017, North Korea was blamed for the WannaCry ransomware outbreak , which disrupted hundreds of thousands of computers across more than 150 countries. In recent years, the country has intensified its focus on pillaging crypto exchanges in part because the digital assets can more easily be transferred and laundered across borders — although those attacks tend to leave more of a paper trail. The same North Korean hacking group, TraderTraitor, also set the last record for the world's largest c
Alleged self-dealing by the president and his allies doesn’t look so good as corruption emerges as a key issue for midterm voters Government corruption a top issue for US midterm voters, exclusive poll finds Voters under 50 probably won’t remember the “ welfare queen ”. But she once embodied Republicans’ claim of the underlying reason for US societal decay: the poor are a bunch of fraudsters. Ronald Reagan introduced Linda Taylor to US voters at a rally during the Republican presidential primary season in 1976. A resident of Chicago’s South Side, Taylor had been arrested for welfare fraud. “She used 80 names, 30 addresses, five phone numbers to collect food stamps, social security, veteran’s benefits for four non-existing deceased veteran husbands,” Reagan said. “Her tax-free cash income alone has been running $150,000 a year.” The Qatari government gifted him a luxury jet , potentially violating the emoluments clause of the constitution. The UAE gained access to some tightly guarded, high-end American AI chips soon after an investment firm linked to its ruling family secretly bought a $500m stake in World Liberty Financial, the crypto company funded by the families of Trump and his chum Steve Witkoff. Rich people facing criminal charges have taken to donating to Trump’s political operations and then seeking pardons or clemency. Most recently, Wanda Vázquez Garced , the former governor of Puerto Rico, and the banker who paid her bribes, Julio Herrera Velutini, were pardoned after Velutini’s family gave a $50m deal to Alina Habba, Trump’s former personal lawyer, and donated $3.5m to Trump’s Maga Inc Super Pac. The first family is also making a killing from the government. The Pentagon lent more than $600m to Vulcan Elements, a rare earths startup, just three months after Donald Jr’s venture capital firm 1789 Capital bought a stake in the outfit. Powerus, a drone maker backed by Eric and Donald Jr is selling drone interceptors to Persian Gulf allies of the US that are
Eric Schiffer warns the $6.3 billion Binance hack signals a coming "bloodbath of AI hacking" as cybersecurity threats grow more sophisticated.
If the accusations are true, the record-making heist shows how powerful suspected North Korean hackers have become.
Martin Scorsese’s “Cleopatra” never came to fruition, and he says the Angelina Jolie-starrer was nixed because of Seth Rogen and the Sony hack. For those who need a refresher, Sony emails were hacked in November 2014 by a group that hoped the Seth Rogen comedy “The Interview,” which was about a fictional assassination attempt of […]
As investors worry about massive spending on the A.I. buildout paying off, earnings reports drove markets down. NBC News’ Brian Cheung reports on what happened on Wall St. and the hack on crypto exchange Binance.
Intercontinental Exchange joined forces with one of the market operators behind offshore crypto-trading platform Hyperliquid as it seeks to bring perpetual futures products into US regulated markets. ICE and Trade.xyz are planning a new market for trading perpetual futures contracts, with its own clearing, know-your-customer and anti-money laundering systems. Jeff Sprecher, Intercontinental Exchange Founder, Chair and CEO, joins Bloomberg Businessweek Daily to discuss the agreement, plus Friday's major tech selloff, the growing demand for perpetual futures trading, and more. Sprecher speaks with Tim Stenovec and Jess Menton. (Source: Bloomberg)
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday. On today's episode: Kristine Aquino, Bloomberg News Markets Live Blog Managing Editor Jeff Sprecher, Intercontinental Exchange CEO Muyao Shen, Bloomberg News Crypto Reporter Dan Sheridan, Brooks Running CEO (Source: Bloomberg)
More than a decade after the Sony hack shook Hollywood, Martin Scorsese is still reeling from the fallout of the North Korean state-sponsored digital attack. The Oscar-winning director recalled how the wide-reaching hack, which was a response to Seth Rogen’s 2014 film The Interview, “ruined everything” for Scorsese’s planned Cleopatra feature, which would have starred […]
Pat Toomey, former Pennsylvania Republican Senator, former ranking member of the Senate Banking Committee and Coinbase global advisory council member, says Republicans are in a "really rough spot" in the House while control of the Senate remains much more of an open question. Toomey says the AI buildout should be assessed company by company because businesses have vastly different exposure to AI and it remains unclear where the economic gains ultimately will accrue. Toomey says Sherrod Brown returning to the Senate would be "unfortunate" for crypto and argues Brown has shown hostility toward business and crypto. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)
AO3, which hosts 18 million stories spun off from the likes of “Harry Potter” and “Heated Rivalry,” was taken offline after “an intrusion,” one of its founders said.
A $6 billion crypto hack is putting digital-asset security back in the spotlight. Former CFTC chairman J. Christopher Giancarlo, known as “CryptoDad”, argues the attack exposed vulnerabilities at an individual firm rather than a failure of underlying blockchain technology. He is also calling for the US to take a more aggressive approach to state-sponsored cyberattacks. He joins Bloomberg Businessweek Daily to discuss the fallout from the hack and why he believes prediction markets should be regulated federally by the CFTC rather than by individual states. (Source: Bloomberg)
Hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history. Binance said it will cover the losses.
President Trump said Friday his administration is looking into the $6.3 billion hacking of the cryptocurrency exchange Binance, the largest such hack on record. “We don’t know,” Trump said in the Oval Office when asked if the hack should be attributed to a suspected North Korean hacker group. “We’re looking at that,” he continued. TraderTraitor,…
More than $6 billion worth of cryptocurrencies were stolen from Binance, the world's biggest crypto exchange. It's the biggest cyber heist ever — and many suspect North Korea may be behind it.
Security experts are calling it the "largest bank robbery in human history." Getting all of the stolen crypto funds won't be easy.
Crypto isn’t risk-free after all, as thieves take Binance for $6.3 billion.
Plus, Binance executives are racing to cover billions in losses from the biggest crypto heist in history, and Ukraine struck a Russian oil refinery.
The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.
The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.
Akai teased its new MPC Sample Key on Instagram earlier this week, and said it plans to open-source its software so the modding community can hack it to their hearts' delight. While there's no word yet on when the device will launch or how much it will cost, The Verge has received exclusive images of […]
President Donald Trump said the US was looking into whether North Korean hackers were behind a $6.3 billion heist targeting Binance that has rattled the cryptocurrency world.
After a $6.3 billion hack, the company said it was going to reimburse customers who had losses.
More than $6 billion in crypto was stolen from Binance, setting off a race to recover the funds before North Korea-linked hackers can launder them into cash.
The rout hit publicly traded crypto exchanges and fintech companies, as well as cryptocurrencies like Bitcoin.
A cyberattack on Binance, the world's largest crypto exchange, was likely carried out by North Korea, according to a blockchain intelligence firm.
Cryptocurrency giant Binance said on Thursday that $6.3bn (£4.7bn) of digital assets have been impacted by what is thought to be the biggest crypto hack on record.
Cryptocurrency theft is estimated to generate half of the country’s foreign currency income North Korea plays by its own rules. The isolated, secretive and autocratic country is largely cut off from the world’s economic system – but when it comes to generating foreign earnings it relies on some of the world’s most sophisticated hacking. Experts, such as TRM Labs, quickly attributed the extraordinary $6.3bn (£4.7bn) Binance cryptocurrency theft to TraderTraitor, an elite North Korean hacking unit that has also been known as the Lazarus Group. Though the link may not be proven yet, the pattern of behaviour is familiar. Continue reading...
Bloomberg’s Ed Ludlow looks at the fall in Intel shares as a bleak outlook exposes the chipmaker's struggle with a deepening PC slump and difficulty meeting CPU demand. Plus, AWS CEO Matt Garman discusses the cloud giant's accelerating growth and massive AI buildout. And, Bitcoin tumbles after hackers siphoned off $6.3 billion from Binance in an attack that rocked the crypto world. (Source: Bloomberg)
Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far Q&A: How big a deal is the $6.3bn crypto heist? Tell us: have you been affected by the Binance hack? Business live – latest updates The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit. Binance said it would cover all customer losses as it froze $3bn of the affected assets. Continue reading...
The record-setting $6.3 billion hack of Binance, the world’s biggest cryptocurrency exchange, has been blamed on alleged North Korean hackers, who have become infamous for preying on the digital-asset industry.
A North Korea-based cybercrime group appears to be behind a $6.3 billion hack of the cryptocurrency exchange Binance, according to two blockchain intelligence firms. Both TRM Labs and Chainalysis tied the largest crypto hack on record to TraderTraitor, a North Korean hacking unit that has previously targeted the digital asset industry. Billions of dollars’ worth…
Crypto platform Binance has suspended trading following a suspected hack now linked to North Korea. The disruption has left users unable to trade on the cryptocurrency platform while the suspected breach is investigated.
Cryptocurrency exchange giant Binance has been targeted by a record-breaking $6.3 billion cyber heist, with blockchain intelligence firms linking the attack to North Korea. By Thursday night in the US, a coordinated effort by major crypto platforms successfully froze roughly $3 billion of the stolen assets during a high-stakes race to track and secure the digital funds.
The incident at Binance could be the biggest theft of any kind in history. We answer some key questions North Korean group blamed for $6.3bn crypto heist Tell us: have you been affected? The world’s largest cryptocurrency exchange has been hit by a $6.3bn heist that, according to experts, is likely to be the work of North Korea . This is not the first time a crypto market has been targeted by hackers, and the rogue state has a track record of this type of theft. Here we answer some key questions about what’s happened: Continue reading...
The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”
Google parent company Alphabet saw a massive $500 billion stock plunge in its roughest day on record. Meanwhile, cryptocurrency exchange Binance was targeted in a $6.3 billion hack.
Binance, the world's largest cryptocurrency exchange, suspended withdrawals after hackers stole $6 billion from its digital wallets in what is being described as the biggest financial heist on record. The post The Largest Heist in History: Hackers Steal $6 Billion in Crypto from Binance appeared first on Breitbart .
A record-setting cyberattack targeting the world’s largest cryptocurrency exchange has rocked the digital assets industry.
Hackers working for North Korea are suspected of hacking a Binance employee's laptop, which allowed the theft of billions in crypto.
