Crypto exchanges call for quick moves to bolster defenses after Binance heist

More in Finance

• Why North Korea's 'elite' hackers are the prime suspect in major Binance hack

  Blockchain analytics firms suspect the state-backed Lazarus Group breached Binance's hot wallet signing system using special authorization to orchestrate a massive $6.3 billion cyberheist. The operation highlights Pyongyang's reliance on digital theft to fund its regime through elite units recruited from top universities. While the exchange has contained the bulk of the damage, the incident underscores the severe financial risks posed by increasingly sophisticated state-sponsored cyber warfare.

  2 min read
• Wall Street drops to its worst day since June after the sell-off for tech stocks deepens

  Investors grew increasingly alarmed by the massive capital expenditures poured into artificial intelligence infrastructure without clear immediate returns, while looming midterm elections added broader market uncertainty. Semis and mega-cap tech companies bore the brunt of the downturn, even as traditional corporate earnings outside the tech space offered pockets of stability. The flight from risk also drove traders toward the safety of government bonds.

  5 min read
• Is the market too bearish on aluminium?

  Commodity analysts are currently re-evaluating the prevailing negative sentiment across the industrial metals sector to determine if price expectations have fallen too far. This scrutiny comes as participants seek to gauge whether prevailing pessimism accurately reflects underlying physical supply and demand fundamentals. A recalibration of these viewpoints could influence forward positioning and broader market sentiment.

  1 min read