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THORChain’s RUNE jumps 13% after Binance’s record $6.3B hack
North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.
- #Hack
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View allBinance: $6.34 billion in corporate funds have been reserved to cover losses, and asset recovery for users has commenced
Binance posted on the X platform stating that it has begun restoring affected assets for users, and will continue collaborating with law enforcement agencies, token issuers, blockchain intelligence firms, and industry partners to track, freeze, and recover additional funds. Binance noted that it has reserved over $6.34 billion in corporate funds to cover losses from this incident, of which $5 billion is already held in the same type of affected tokens, and the remaining portion is being supplemented by purchasing corresponding tokens through market and OTC channels. This process may take a significant amount of time due to the low liquidity of some tokens and the time required for OTC settlement. The aforementioned amount does not include frozen or protected assets. Approximately $3 billion in assets have been frozen to date, and Binance is advancing recovery efforts in partnership with relevant collaborators and law enforcement agencies.
Google DeepMind Research: AI Collaborative Capability Is the Key Driver of Economic Transformation
Google DeepMind researchers Alex Imas, Andrew Koh, and co-founder Shane Legg published a paper stating that improvements in individual AI capabilities will only exert gradual impacts on wages and prices. Abrupt shifts in market concentration, employment, and wages will only occur when the multi-agent collaborative capability crosses the "super-collaboration" threshold. The paper divides AI development into four stages: Minimum AGI, Super-Competent AI, Super-Collaborative AI, and ASI. It notes that current AI systems boast strong individual capabilities but weak collaborative performance, meaning changes in wages and jobs will precede adjustments to corporate structures. The authors call for the establishment of benchmarks to measure the organizational capabilities of multi-agent systems.
Binance is collaborating with the FBI and U.S. Secret Service to investigate a $6.3 billion cryptocurrency heist
Binance is working with the Federal Bureau of Investigation and the United States Secret Service to probe a cryptocurrency theft case involving $6.3 billion in digital assets.
He Yi: The 60 Million USDT Collateral Deposited by the Hacker on Aave Only Backed a Loan of 46 Million USD Worth of ETH, Allowing an Additional 14 Million USD to Be Recovered After Unfreezing
Binance co-founder He Yi posted on the X platform that the 60 million USDT collateral the hacker deposited on Aave is not fully within the freeze scope. The hacker only borrowed ETH worth 46 million USD against this collateral. An additional 14 million USD in funds can be recovered after the assets are unfrozen via the law enforcement system.
Kioxia Posts Nearly 2 Trillion Yen in Q2 Operating Profit, Q3 Guidance Falls Short of Expectations
Japanese memory chip manufacturer Kioxia released its financial results for the second quarter of fiscal 2026 (July to September), recording revenue of 2.48 trillion yen, up 40.3% quarter-on-quarter. Operating profit reached approximately 1.995 trillion yen, representing a 57.1% quarter-on-quarter increase and slightly exceeding the market consensus of 1.95 trillion yen. Kioxia forecasts third-quarter operating profit of around 2 trillion yen, which is below the market expectation of 2.35 trillion yen, and announced an interim dividend of 90 yen per share. Surging demand for AI data storage has driven Kioxia's profit growth.