Search results for “Binance”

10 stories for “Binance”

Technology

Meta tests prediction-market app; DOJ seeks $1.2 billion from Binance hack

Meta is testing a prediction-market app allowing users to bet on outcomes with points instead of cash, aiming to engage users and diversify beyond social media. Meanwhile, the DOJ plans to seize $1.2 billion...

The Block · 1 day ago · 1 min read

Business

Binance reimburses users $6.3 billion, analysts predict stable crypto market

Binance will fully reimburse users for the $6.3 billion hack, using its emergency insurance fund to prevent wider market disruption. Analysts believe this swift action will restore investor confidence and...

CoinTelegraph · 5 days ago · 2 min read

Business

Kaiser Ng resigns as Binance CFO; Justin Yek appointed successor

Binance's CFO Kaiser Ng is leaving the company, with Justin Yek taking over amid ongoing regulatory scrutiny. This leadership change is crucial as Binance navigates investigations into its compliance...

CoinTelegraph · 7 days ago · 2 min read

War & Conflict

North Korea launches missiles, denies involvement in $6 billion Binance hack

North Korea launched multiple short-range missiles into the Sea of Japan while denying involvement in a $6 billion cryptocurrency theft. These actions heighten tensions with the U.S. and its allies...

Al Jazeera · 11 days ago · 2 min read

Crime & Justice

Researchers warned of North Korean hacking threats before $6.3B Binance theft

North Korean hackers stole $6.3 billion from Binance by tricking an employee into downloading malware through a fake job offer. This incident underscores the persistent threat of state-sponsored cybercrime in...

TechCrunch · 11 days ago · 1 min read

Technology

Arbitrum council transfers $30 million from Binance hack without hacker's key

Arbitrum's council moved $30 million of funds stolen in the Binance hack on October 25, 2023, without the hacker's private key. This action underscores the cryptocurrency community’s efforts to manage stolen...

CoinDesk · 12 days ago · 1 min read

Markets & Finance

US spot bitcoin ETFs lose $643 million after Binance hack

US spot bitcoin ETFs experienced $643 million in outflows, the largest in four months, following a significant hack of Binance that raised security concerns in the crypto market. This incident highlights the...

The Block · 13 days ago · 1 min read

Business

Binance initiates phased crypto withdrawals, starting with Bitcoin after hack

opens crypto withdrawals

CoinDesk · 13 days ago · 2 min read

Business

Binance restores 90% of $600 million stolen in KuCoin hack

Binance restored 90% of the $600 million stolen in the 2022 KuCoin hack using industry reserves. This recovery mitigates financial damage but highlights persistent vulnerabilities in digital asset security.

Sky News · 14 days ago · 2 min read

Crime & Justice

Hackers steal $6.3 billion from Binance, triggering political debate on crypto regulation

Hackers stole $6.3 billion from Binance, the largest theft in cryptocurrency history, prompting urgent responses from U.S. and international law enforcement. The incident has ignited a political debate over...

CoinTelegraph · 14 days ago · 2 min read