Saturday, October 31

Geek

Daily News Stuff 31 October 2026

Ween Edition

Top Story

  • Binance was hacked by thieves who made off-ish with $6.3 billion.  (Bleeping Computer)

    I say "ish" for two reasons: First, half the funds were immediately frozen and cannot be transferred further; second, it's a bit like bank loans: When you lose $1000 in Bitcoin, you have a problem; when you lose $6.3 billion in Bitcoin the blockchain has a problem.

    The attack was bootstrapped through a compromised devops laptop.  The developer themselves didn't have access to do this, but they had access inside the corporate firewall so more sophisticated attacks could be launched bypassing that level of security entirely.

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