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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[–] _stranger_@lemmy.world 16 points 2 days ago
[–] Glitch@lemmy.dbzer0.com 24 points 2 days ago (1 children)

Can't wait to find out it was social engineering

[–] BooBees@fedinsfw.app 22 points 2 days ago (1 children)

Hey Binance, it’s your grandson, I’m in trouble and need you to go to target to get some gift cards

[–] howdy@lemmy.ml 17 points 2 days ago (2 children)

just imagine the Reddit bitcoiners typing "not your keys, not your crypto" 😂

"your keys, not your keys"

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[–] one_old_coder@piefed.social 27 points 3 days ago

Sharing is caring, this is good for bitcoin /s

[–] howdy@lemmy.ml 25 points 3 days ago (1 children)

I'm glad to no longer be in crypto. It gave me anxiety

[–] rainwall@piefed.social 31 points 3 days ago* (last edited 3 days ago) (1 children)

You hear about the hardware crypto wallets with sim cards in them that read the pincode off the displays? That was a slick as shit supply chain attack:

https://www.theverge.com/tech/1009294/ledger-wallet-tampering-suspected-after-reports-of-crypto-thefts

The intial wallets discovered has crude wiring soldiered on, but later ones had custom black PCBs that looked very much like they were part of the wallets circuitry unless you knew exactly what you were looking for.

[–] 01011@monero.town 10 points 2 days ago* (last edited 2 days ago)

I really miss the old internet before paywalls were put up everywhere.

"Ledger is currently investigating serious allegations of tampering involving its hardware wallets sold through a Southeast Asian reseller, CryptoBilis. Reports indicate that this tampering has resulted in the theft of approximately $86 to $93 million in cryptocurrency from numerous wallets." https://www.coindesk.com/business/2026/10/09/ledger-investigates-potential-wallet-tampering-after-reports-of-usd86-million-in-crypto-stolen

[–] Agent641@lemmy.world 14 points 2 days ago (1 children)
[–] chewypoops@lemmy.world 2 points 2 days ago (1 children)

I thought that too, until I learned it was North Korea. Probably not great that they acquired that much dark money.

[–] canaryWart@programming.dev -1 points 2 days ago (1 children)

Name one international this year that was worse

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

I'm happy to answer your question, but I don't think I understand what you're asking me. Can you clarify?

[–] radiouser@crazypeople.online 13 points 2 days ago (1 children)
[–] SaveTheTuaHawk@lemmy.ca 4 points 2 days ago

PRNK has been developing a digital theft industry for over a decade. It's a branch of the military.

[–] urushitan@kakera.kintsugi.moe 16 points 3 days ago

Oh no! Anyway

[–] jagermo@feddit.org 10 points 2 days ago

Ah, so crypto is mainly used to prop up regimes. Got it.

[–] TropicalDingdong@lemmy.world 9 points 3 days ago

Good for them.

[–] ghostpony@infosec.pub 5 points 2 days ago
[–] canttakeitwithyou@lemmy.zip 4 points 2 days ago

Lol this is why you don't seriously invest in crypto, folks.

[–] kreskin@lemmy.world 4 points 2 days ago

Nicely done.

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