Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands. Binance has reopened withdrawals for 15 blockchain networks, after $6.3 billion was stolen by North Korean hackers from its hot wallets late last week. Binance said today it had processed …
Category archives: Trending Crypto news
Scammer Posing As FBI Agent Sends Elderly Couple to Two Chase Branches, Takes $18,400 Life Savings
An elderly couple has lost their life savings after a scammer posing as an FBI agent sent them to two Chase branches to pull out $18,400 in cash. Gail Walsh of Burbank, Illinois, says a man claiming to be a banking investigator called her on August 15th, reports CBS News Chicago. She says the caller …
Record 41% of Americans Expect Their Finances To Get Worse Over the Next Year, More Than Double 2024 Levels
A record share of Americans now expect their personal finances to get worse over the next year. About 41% of US consumers expect to be worse off financially a year from now, the Kobeissi Letter says, citing the University of Michigan’s Surveys of Consumers. “This figure has more than tripled since Q2 2024. By comparison, during …
Binance Says It Has Replaced 90% of $6,300,000,000 Stolen in Record Crypto Hack
Crypto exchange Binance says it has now covered 90% of the roughly $6.3 billion stolen from its hot wallets in what is believed to be the largest cryptocurrency hack ever. In its latest recovery update, Binance says it set aside more than $6.34 billion in company funds to cover the loss and that all user …
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$72,360 Wired Out of Wells Fargo Accounts Overnight, South Carolina Couple Sues After Bank Denies Fraud Claim
A couple is suing Wells Fargo after $72,360 was wired out of their accounts overnight and the bank refused to pay it back. Melanie and Jack Anderson of Bluffton say they never authorized the transfers, reports the Savannah news station WJCL. The South Carolina couple says the money left in two wires sent at 1 …
California Retiree Loses $500,000 to Pig Butchering Scam, Then Falls for the Same Scam Again
A California retiree who lost his $500,000 life savings to a romance scheme known as pig butchering has fallen for the same kind of scam all over again. Adan Look, a retired San Francisco city gardener, started chatting with a new online love interest right after the first scam wiped him out, reports ABC7 News. …
Binance says phase one of withdrawals opens after $6.3B hack
The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea. Binance said it has reopened its Bitcoin network in phase one of resuming withdrawals after a major hack of about $6.3 billion in funds. The crypto exchange had suspended user withdrawals after the attack on …
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FBI blames North Korea for record $6.3B Binance hack
US agency seeks private-sector help to block further money-laundering of stolen digital assets. The FBI said that the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of about $6.3 billion in digital assets from cryptocurrency exchange Binance on Thursday. The FBI said on Saturday in a news release that it refers …
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Tether-Backed FASE Foundation Targets Scams and Stablecoin Aid
TL;DR: Named founding stakeholders include Anchorage Digital, Bybit, Chainalysis, Payward, Opera and the Solana Foundation; the United Nations Office on Drugs and Crime is a strategic adviser. The education and aid figures are targets, not verified beneficiaries. On October 28 Tether announced the Swiss not-for-profit Financial Access and Systemic Empowerment Foundation, bringing together businesses and …
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Investor Kidnapped, Driven to Cabin and Robbed of $8,000,000 in Cryptocurrency by Texas Brothers
Federal prosecutors have secured lengthy prison sentences against two Texas brothers convicted in a violent cryptocurrency kidnapping case. Raymond Christian Garcia and Isiah Angelo Garcia of Waller, Texas, were sentenced before U.S. District Judge Donovan W. Frank on October 29th, 2026, says the U.S. Attorney’s Office for the District of Minnesota. The brothers had traveled …
Pennsylvania Benefits Office Supervisor Allegedly Trades Stolen EBT Cards for Crack Cocaine, Drains $20,558 in Food Aid
A Pennsylvania county assistance office supervisor is accused of stealing food benefits meant for low-income families and trading some of the cards for crack cocaine. The Lehigh County District Attorney’s Office says Sheila McDonald, 46, allegedly took more than $20,000 in benefits and swapped them for drugs and cash or used them at area stores, …
Binance says 90% of stolen assets replenished, targets Sunday withdrawals
Less-liquid tokens make up the remaining shortfall as Binance continues buying replacement assets through market and over-the-counter trades. Binance said Saturday it had replenished 90% of the assets stolen in its $6.3 billion hack, up from about 80% a day earlier. The cryptocurrency exchange said it remained on track to resume withdrawals Sunday. More follows… …
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Bitcoin held up better than expected after Binance hack, Strive CEO says
Strive CEO Matt Cole says the Binance hack has not changed his long-term case for Bitcoin, but cautions it is too early to call a market bottom. Bitcoin has held up better than expected following the $6.3 billion Binance hack, according to Strive CEO Matt Cole, who said the breach does not undermine the cryptocurrency’s …
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California-Based Heart Monitor Maker Breached, Affecting 8,179,772 People – Names, Insurance Numbers, Birth Dates and More at Risk
A California-based heart monitor maker is warning more than eight million people that hackers stole their personal and health information. iRhythm Holdings says unauthorized individuals accessed and downloaded data from certain third-party-hosted business applications between June 3rd and June 8th. The U.S. Department of Health and Human Services (HHS) breach portal now lists 8,179,772 people …
Blockchain investigator Chainalysis hit by cybersecurity incident
Chainalysis has engaged world-class third-party experts to support a review of its security and strengthen its defenses. Blockchain analytics company Chainalysis said it was targeted in a cybersecurity incident, similar to those suffered recently by other platforms. “Based on the investigation to date, we have found no evidence of unauthorized access to investigation content, authentication …
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