From Bloomberg: Binance says CFO Kaiser Ng is leaving to “pursue a new venture” days after a $6.3B hack, citing a six-month transition plan, and names Justin Yek as CFO — Kaiser Ng, the chief financial officer at Binance Holdings Ltd., the world's largest crypto exchange …
THORChain, which handled ~$1B of stolen Bybit funds in 2025 for $12M+ in fees, began moving the Binance loot despite FBI pleas, saying it can't stop transfers — Some crypto developers say they can't stop North Korean hackers from laundering stolen funds through their platforms, frustrating law…
US Treasury moves to cut crypto exchange MEXC off from the US financial system, alleging $16B+ in illicit flows, including Russian and Iranian sanctions evasion — The U.S. Treasury is moving to cut off crypto exchange MEXC from the U.S. financial system, alleging that it handled …
Binance's postmortem says the attack began in June when a developer downloaded a tampered installer, and combined fake job interviews with an internal AI tool.
The FBI says North Korea was behind the $6.3 billion Binance heist of October 29th; Bloomberg reports Binance ran a global war room of about 100 people to contain it.
As AI models commoditize, lasting wealth will accrue to those controlling chokepoints like distribution, payment rails, and a stablecoin dollar, not to the labs — Scarce, controllable positions of Economic Power whose holders durably capture the gains of Increasingly Capable and diffused…
Hackers have stolen about $6.3 billion worth of digital assets from Binance, a major cryptocurrency exchange operator. The heist is more than four times bigger than the previous largest crypto theft.
