Binance’s $6.3 billion hack is four times the size of the old record.
Binance says hackers stole $6.3 billion, the largest exchange hack on record and about four times last year’s Bybit theft. A compromised engineer’s laptop opened the door, Tether and Circle have frozen roughly $3 billion of the funds, and Binance says it will cover the rest itself. Scott also covers Nasdaq’s fight against a rival tokenized-stock venue, presses Michael Saylor on Strategy’s own tokenization plans, and breaks down why Big Tech’s earnings selloff rattled markets more than the hack did. Plus Coinbase’s earnings and two more wallet-security scares.
Featuring
Scott Melker, Host, The Daily Wolf, Yahoo Finance
Timestamps
0:00 Breaking down the $6.3 billion Binance hack
2:52 Binance’s reserves and how exposed it really is
5:17 Who’s really behind the hack
7:01 Nasdaq’s quiet war on tokenized stocks
9:32 Scott presses Saylor on Strategy’s own tokenization
10:41 Why Wall Street’s day was worse than Bitcoin’s
11:55 Coinbase’s earnings mirage, and the hacks keep coming
#Binance #Bitcoin #Crypto #DailyWolf #YahooFinance
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