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NewsDesk
The wire: crypto and markets news from other outlets, newest first.
AI summaryStories from the outlets we follow, summarised by AI and linked to the original. A story whose AI summary is not ready is held for an editor; older items may still show the outlet’s own summary, quoted and labelled. Bullish, Bearish and Neutral are an AI reading of a story’s tone, not investment advice.6 publishers843 storiesWhere AI is used
Binance finance chief Kaiser Ng to leave after five years, Yi He says
Binance's chief financial officer, Kaiser Ng, is leaving the exchange after more than five years, co-CEO Yi He said. Justin Yek, formerly of Airwallex, will replace him.
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On the Wire
Stories from our sources, newest first, each credited to the publisher and linked to the original.
CFTC chair Michael Selig says Binance hack shows need for US oversight of offshore exchanges
Michael Selig told CNBC the roughly $6.4bn Binance theft supports the CFTC's proposed crypto rules, while Binance says its investigation has found further points of breach.
Trezor says Safe 5 wallet from CryptoBilis had suspected hardware implant
Trezor has warned that a Safe 5 wallet bought from former reseller CryptoBilis may contain a malicious implant that can capture recovery phrases, after a $93m Ledger supply chain scandal.
Tether reports $1.5bn quarterly profit as excess reserves near $8bn
The stablecoin issuer said third-quarter operating profit reached $1.5bn and its reserve surplus rose to $7.95bn at the end of September, according to an attestation by BDO.
Binance works with FBI and Secret Service after $6.4bn hack, Decrypt reports
Binance is cooperating with US law enforcement after hackers stole $6.4bn, Decrypt reports. Circle froze about $823m in USDC and Tether froze $975m in USDT tied to the attack.
Binance says $6.3bn hack traced to employee laptop as liquidations top $1.54bn
Binance has confirmed a $6.3bn theft after a compromised employee laptop let attackers withdraw funds, triggering a marketwide sell-off in which crypto liquidations passed $1.54bn.
TRM Labs and Chainalysis link $6.3bn Binance hack to North Korea's TraderTraitor
Cybersecurity researchers and onchain investigator ZachXBT attribute the $6.3bn Binance hack to North Korea's TraderTraitor group, with stolen funds from Binance and Bitget converging at one address.