this post was submitted on 30 Oct 2026
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Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com:

https://hachyderm.io/@molly0xfff/117526961419935070

I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.

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[–] Photon1c@lemmy.world 85 points 2 days ago (2 children)

Wow. Is this the biggest heist ever? Apart from Trump’s presidential grift and the SpaceX IPO ofc.

[–] TankovayaDiviziya@lemmy.world 7 points 1 day ago* (last edited 1 day ago) (1 children)

Most heists are digital nowadays because most people neglect cybersecurity. But since we're talking cybersecurity, that's the next big sector to invest if you ask me, especially with threat of AI and quantum computers.

[–] Photon1c@lemmy.world 2 points 1 day ago

Excellent point, now we will just have to wait a while for the AI bubble to burst completely and hopefully pick up some undervalued stocks

[–] banana_pie@piefed.zip 22 points 2 days ago* (last edited 2 days ago) (1 children)

I think Kushner turns around this amount before his morning coffee. This is amateur hour.

[–] Fmstrat@lemmy.world 4 points 1 day ago

Two posts above is Musk taking 16B of taxpayer dollars.