Binance hacker dumps a little-known 2017 token and it crashes 90%
The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.
The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.
Michael Saylor says Strategy could create up to $30 billion in digital credit without new common-stock fundraising or further Bitcoin price gains, as the company plans more BTC purchases.
TRM Labs says it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.
A set of fixes would tighten who can hold permissioned tokens on the network. The XRP Ledger Foundation says no users were affected.
CoinDCX has restricted new futures positions after Binance’s security incident disrupted a key liquidity provider. Deposits, withdrawals and customer funds remain unaffected, the exchange said.
All 18,270 coins sit in 19 wallets, 17 of them holding exactly 1,000 BTC each, and none has moved since Thursday night, a CoinDesk trace of the blockchain shows.
Bitcoin and ether slid after a suspected $6.3 billion Binance security breach and a Polymarket exploit. Standard Chartered says crypto prices may remain under pressure before finding a base.
The withdrawals suggest the fallout from the multibillion-dollar breach is spreading beyond Binance.
Standard Chartered’s Geoffrey Kendrick says the breach could accelerate a shift toward decentralized trading and strengthen his case for Uniswap’s UNI token reaching $100 by 2030.
Security researchers suggested that the hermit kingdom’s Lazarus Group was behind Thursday’s nearly $6 billion hack of the world’s largest crypto exchange.
David Durman, a University of Kentucky administrator, recently earned a religious exemption from using AI in the workplace.
Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.
Blockaid’s Ido Ben-Natan suspects attackers manipulated Binance’s transaction-signing infrastructure, drawing parallels with the Bybit hack.
Curry Barker, the director behind the hit horror film Obsession, just published a new horror short on YouTube. The short, titled “Mama Bear,” is nearly five minutes long. The video is pretty unnerving, and fair warning that it gets a little graphic, but it’s a fun one to watch if you’re looking for something scary … Read more
The success of blockbuster hits like Project Hail Mary and Verity is only part of the story, Amazon’s CEO says.
Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.
During Intel’s latest earnings call, CEO Lip-Bu Tan said that demand for its budget-focused Wildcat Lake chips “is outstripping supply.” According to CFO David Zinsner, the chips are now sold out. Zinsner said Intel has “seen significant growth in Wildcat Lake. It’s coming exactly at the right time because it’s cost-optimized and we’re seeing a … Read more
Bitcoin and Ether tumbled as the broader crypto market fell 3.3%, with reports of suspicious multibillion-dollar transfers from Binance-linked wallets fueling uncertainty.
Etherscan records show wallets tied to the suspected Binance hack swapping freezable stablecoins for Ethereum on decentralized exchanges.
Singapore police say tampered Ledgers started showing up there on September 10. South Korean lawmakers look set to delay the crypto tax law for a fourth time.
Some estimates say hackers stole billions in crypto from Binance, the world’s largest cryptocurrency exchange, during a cyberattack on Thursday.
Reddit CEO Steve Huffman said in an earnings call today that Google’s AI-powered search modes do not help with traffic to the platform, echoing problems facing other websites and publishers. As part of its Q3 2026 earnings, Reddit revealed that search traffic in October has “dropped by more than 1 million referrals on average per … Read more
Putin said that he and Musk are in “close contact” about Rassvet, Russia’s Starlink-like satellite connectivity project.
A customer opens their inbox and finds two invoices for the same subscription. Another customer shows up in the retention report as a churn, except they never cancelled. Their payment failed, the subscription lapsed in the billing system, and the lapse got recorded as a lost customer. I led the architecture on a migration that … Read more