Heist Day
Binance loses $6.3 billion to hackers, Reddit wants everyone logged in, and Nvidia's CEO lands in a spy story.
The 10
Ranked by how many sources covered it-
Binance hit by record hack, confirming a $6.3 billion theft that blockchain investigators blame on North Korea. The exchange suspended deposits and withdrawals, and is investigating a possibly compromised engineer laptop while it scrambles to freeze funds, with about $3 billion located so far. the largest crypto heist ever.
Why it matters A theft of this size at the world's largest exchange tests how well crypto firms can protect customer funds and recover them once they are stolen.
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Reddit will require logins for everyone, CEO Steve Huffman said on the earnings call, citing search traffic that was down meaningfully last quarter. He says most unauthorized scraping happens through the logged-out experience, and tests begin outside the US, while shares sank on weak sales guidance and shrinking Google traffic.
Why it matters One of the web's largest open archives of human conversation is closing its doors partly to bots and AI, which changes how people find its answers.
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Nvidia disputes spy report after the New York Times said US intelligence believed an executive at Megaspeed, a Singapore firm tied to the chip diversion allegations, was a Chinese informant close to Jensen Huang. Nvidia says the allegations were investigated and debunked, and Huang called the dealings normal and not unusual.
Why it matters The report ties export-control enforcement on AI chips to questions of espionage, and it puts the biggest AI chip supplier in the middle of it.
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GM pays $220 million to settle claims from a coalition of state attorneys general that it sold driver and location data to brokers. It must now get drivers' express consent before it collects or shares their driving and location data.
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