Binance lost $6.3 billion in the biggest crypto theft ever
The FBI has attributed the $6.3 billion theft from Binance to North Korea’s TraderTraitor group, which moved the money across ten blockchains in about twenty minutes. Binance says it replaced roughly 95% of it from its own reserves, and investigators have frozen another $2.85 billion. Scott Melker explains why the outflows stayed under 4% of customer assets.
Strategy bought 811 Bitcoin and now holds 849,327. Bitcoin ETFs lost $643 million on Friday, their worst day since June. And Chris Larsen, Chairman of Ripple, is personally funding the senator his own company’s super PAC is spending millions to defeat.
Timestamps
0:00 Bitcoin flattens after the Binance theft, and the midterms are tomorrow
1:28 Strategy buys 811 Bitcoin and holds 849,327
3:36 The FBI attributes the $6.3 billion Binance theft to North Korea
7:58 Chainalysis is breached while tracing the Binance theft
9:21 Bitcoin ETFs lose $643 million, their worst day since June
11:19 Fifty companies now object to tokenized versions of their shares
12:41 The crypto industry has spent more than $200 million on the midterms
13:27 Chris Larsen, Chairman of Ripple, funds the senator Fairshake is attacking
#Binance #NorthKorea #Bitcoin #MichaelSaylor #Crypto #DailyWolf #YahooFinance
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