Topic

Exchanges Tighten Crypto Transfer Rules

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A $6.3 billion cyber heist at Binance prompted rival crypto exchanges to tighten fund-transfer alerts and restrictions as Binance drew on reserves to cover losses.

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“I’ve always felt it was a little bit dangerous” says leading crypto coin sponsor.
Trump: "They're saying they are guaranteeing it or something. They are. But it was a hack. That's the problem. You know the old fashioned way where you used to sign a check -- people never see the money anymore. So I've always felt it was a little bit dangerous."
October 30, 2026 at 8:11 PM
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“It’s certainly a big blow to the credibility of Binance and its security,” - Prasad, Cornell U econ prof
giftarticle.ft.com/giftarticle/...
$6.3bn in 30 minutes: how the world’s biggest heist unfolded
North Korean hackers’ attack on Binance takes crypto theft to an unprecedented scale
giftarticle.ft.com
October 30, 2026 at 10:35 PM
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Yes and no. According to @financialtimes.com
"About $3.8bn worth of Ethereum was stolen ... by exploiting a new feature introduced last year intended to enable users to give automated software the power to authorise transactions on their behalf"
Did Binance lose $6.3billion from crypto wallets because of agentic transactions, resonant your “bots with bucks”?
A new paper on the embrace of agentic AI by the leading global payment intermediaries
durham-repository.worktribe.com/output/5863626
October 30, 2026 at 9:24 PM
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Did Binance lose $6.3billion from crypto wallets because of agentic transactions, resonant your “bots with bucks”?
October 30, 2026 at 9:01 PM
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Reposted by Trudy Harpham

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Reposted by Zeynep Tufekci

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Reposted by Fabián Muniesa

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El grupo Lazarus de hackers norcoreanos roba 6.300 millones de dólares en criptomonedas
October 30, 2026 at 2:53 PM
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So the Binance hack/theft has to have been done, at least partially, with AI, right?

It's going to be delicious to watch the fallout.
October 30, 2026 at 3:01 PM

Reposted by Dean Baker

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