Techmeme
October 30, 2026, 4:00 PM

Top News

Tom Westbrook / Reuters:
TRM Labs attributes the Binance hack to North Korea-based TraderTraitor, which drained ~$6.36B from Binance wallets across 10 blockchains, mostly in ~20 minutes  —  North Korean hackers were behind a $6.3 billion raid on cryptocurrency exchange Binance, according to US blockchain analysis firm TRM Labs.
Rajveer Singh Pardesi / Reuters:
Binance says it has reserved $6.34B+ in company funds, including $5B already held in impacted token assets, to deal with the fallout from the $6.3B hack  —  Binance said on Friday it has reserved more than $6.34 billion in company funds, including $5 billion already held in impacted token assets …
The Block:
Binance says initial investigation suggests a compromised DevOps laptop may have enabled a ~$6.3B hack; Tether froze 1.5B+ USDT and Circle froze 800M+ USDC  —  Onchain data shows about $3.55 billion in incoming transfers to the unlabeled wallet, with nearly $900 million subsequently moved across other wallets.
More: Binance, Reuters, Bloomberg, Wall Street Journal, CoinDesk, Decrypt, Security Affairs, CoinDesk, Bloomberg, Gizmodo, The Information, Aave, Wall Street Journal, The Information, Associated Press, Forkast, Bitcoin News, Yahoo Finance, PaymentsJournal, Forbes, Motley Fool, Breitbart, The National, Help Net Security, crypto.news, Bitcoin Insider, Mashable, NBC Los Angeles, and Web3 is Going Just Great
LinkedIn: Eric Leon and James Ang
@binance:
Binance reveals that a follow-up investigation has found “additional points of breach” beyond a possibly compromised laptop and says this was a “complex attack”  —  Investigation update: Our initial investigation suggested that the security incident may have involved a compromised laptop, however our subsequent investigation has uncovered additional points of breach. This was a complex attack, and we are doing all we can in coordination with law enforcement...
George Steer / Financial Times:
Binance “temporarily suspended” all deposits and withdrawals as it investigates security issues and works with law enforcement; Binance.US says it's unaffected  —  Tether and Circle freeze billions of dollars' worth of their coins as world's largest crypto exchange investigates security issue
South China Morning Post:
Binance pledges to cover all losses from a ~$6.3B hack, potentially the largest crypto theft ever, surpassing the $1.5B Bybit hack in February 2025  —  Binance, the world's largest cryptocurrency exchange by trading volume, has pledged to cover all losses from a hack that it said drained around US$6.3 billion from its wallet.
Financial Times:
Chainalysis says Binance hackers used automated money-laundering patterns not seen before; Elliptic: almost all of the $6.3B was taken in the first 30 minutes  —  North Korean hackers' attack on Binance takes crypto theft to an unprecedented scale  —  The largest financial theft in history took no more than 30 minutes.
Katherine Doherty / Bloomberg:
NYSE owner ICE plans US-regulated Hyperliquid-based perpetual markets with Trade.xyz, a market operator on the crypto platform, and takes a stake in Trade.xyz  —  Intercontinental Exchange Inc. joined forces with one of the market operators behind offshore crypto-trading platform Hyperliquid …
Kevin Collier / NBC News:
CrowdStrike: China-linked hackers used AI tool ARTEX with a DeepSeek LLM and another model to target 200+ organizations in 11 days, compromising at least nine  —  Chinese state-linked hackers targeted more than 200 organizations in just 11 days, using AI to attack governments and businesses worldwide, according to CrowdStrike.
Anna Nicolaou / Financial Times:
Sources: Spotify aims to launch its AI remix service in Q1 2027 and may charge $4-$5/month extra; it is still negotiating licensing deals with Sony and Warner  —  Streaming service plans to charge users up to $5 a month to use the feature  —  Spotify is targeting an early 2027 launch …
Phoebe Liu / The Information:
Reuters:
The UK CMA opens a probe into whether Meta imposed exploitative terms on publishers and advertisers to use their content to develop its AI and other services  —  Britain's competition regulator on Friday said it has opened an investigation into whether Meta (META.O) was imposing exploitative terms …
Sam Tobin / Reuters:
London's High Court dismisses Meta, TikTok, and X's challenge to Ofcom's Online Safety Act information requests, rejecting arguments they were disproportionate  —  Meta (META.O), TikTok and X lost a legal challenge against British regulator Ofcom on Friday over information requests made under …
Claude / @claudeai:
Anthropic renames its $100 per month Max 5x plan as Max and the $200 per month Max 20x plan as Ultra, and removes the 5-hour limit for verified Ultra accounts  —  We're renaming our Max plans: Max 5x → Max Max 20x → Ultra Max is still $100/month, and Ultra is still $200. If you're a subscriber, there's nothing you need to do. We're also removing the 5-hour limit for verified Ultra accounts, starting today with most existing subscribers. Newer accounts ke...
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