From coindesk.com: 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 …
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…
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 …
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.
