See the full story in the original article.
Read the original on CoinDesk ↗
Keywords
Binancecryptocybersecurityartificial intelligence
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/02/2026 | 699.25 |
| Change that session | -1.89% |
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/02/2026 | 76,816.00 |
| Change that session | -1.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- South Korea's president says country needs a ‘cybersecurity czar’ following $6.3 billion Binance hack
- Binance traces $6.3B hack to fake job interviews, compromised AI tool
Binance's postmortem says the attackers spent months inside its systems, starting with a tampered package an engineer installed while setting up an AI coding tool. Later, fake recruiters tricked another engineer into running a malicious file disguised as a coding assignment, and the hackers used the compromised machines to gain deployment credentials and plant malware in the wallet infrastructure on October 29. They then accessed the wallet-signing service to move funds outside normal withdrawals, and exploited Ethereum's EIP-7702 to keep unauthorized transfers going after withdrawals were suspended. About $6.3 billion was affected, with $2.85 billion frozen or intercepted, and Binance said it would absorb the losses and had replenished 98% of affected token assets as of October 31. The FBI attributes the attack to North Korean hackers, which Kim Yo Jong, sister of Kim Jong Un, denied.
- Binance co-CEO Richard Teng says hackers used fake job interviews, AI tool to steal $6.3 billion in crypto
Binance said hackers breached its wallet infrastructure through fake job interviews, malicious software and compromised internal AI tools, causing the Oct. 29 attack that drained more than $6 billion from the exchange. Co-CEO Richard Teng said the attackers spent months, including a fake developer tool in June and a coding test hiding malware in September. Binance says it has replenished 98% of the $6.34 billion in affected assets and is still purchasing more illiquid assets. Teng did not attribute the attack to North Korea but acknowledged the FBI has linked it to the TraderTraitor group, which is tied to North Korean hackers. Binance and partners such as Tether, Circle and Ripple reportedly froze about $3 billion, though some stolen funds continue to move through laundered channels.
- Binance’s $6.3 billion hack traced to an engineer looking for a new job
Binance’s initial report, published Nov. 3, says hackers posed as recruiters, invited an engineer to interviews, then sent a coding test containing zero-day malware that helped breach its wallet infrastructure. Earlier in June, an engineer installed a tampered Homebrew package while searching for an AI tool, and hackers later accessed the computers of two wallet engineers. On Oct. 29, attackers exploited Ethereum’s EIP-7702 feature to gain unauthorized transaction control over Binance’s hot wallet, and about $6.3 billion was stolen. Binance said it froze about $2.85 billion in related assets, restored 98% of affected tokens, and asserted users suffered no financial losses. The FBI linked the attack to the TraderTraitor group tied to North Korea, but Kim Yo Jong denied the accusation.
- Mid-term facts & refrigerator hacks, tech sell-off continues, Binance CEO addresses issues
Yahoo Finance Executive Editor Brian Sozzi recaps the day's top stories, including why Palantir (PLTR) is not escaping the AI rout, why Disney (DIS) is poised to cut jobs, and how Apple's (AAPL) earnings turned into a dull day for John Ternus and company. He also interviews Binance CEO and founder Changpeng Zhao about roughly $6.3 billion in digital assets drained from Binance on Oct. 29 due to a hack.
- Binance's $6.3 billion hack began with a fake job interview, exchange says
Related markets
Latest news
- Epidemic of Hacked Freezers Spreads Across Europe
In France, about 700 of 10,000 supermarkets were affected in October, and nine more countries reported refrigeration problems on Monday. France's CERT-FR links the compromises to remote controllers made by Danfoss and Copeland, and no group has claimed responsibility. Hackers forced a continuous defrost cycle, spoiling food and sparking fires at some stores, while units in Estonia were pushed to 50°C (122°F). Groupement Mousquetaires counted 300 affected stores, and Cooperative U said 80 of its 2,000 shops were hit. CERT-FR warns the campaigns are probably still ongoing, and Italy's government was set to hold a cybersecurity meeting on Tuesday.
- Securities firm issues surprising outlook for FPT
VCBS issues a cautious “Hard to compete” view on FPT, as generative AI is changing competitive advantages in the software outsourcing sector, even though Q3 2026 net revenue rose 12% to VND 13,754 billion and profit attributable to parent shareholders rose 11.8% to VND 2,723 billion. Q3 foreign technology revenue grew only 8.2% to VND 9,636 billion, with Japan up 8% to VND 4,270 billion, while nine-month new contract value rose 23% to VND 36,137 billion but converting contracts into revenue has slowed. In telecoms, nine-month revenue rose 17% to VND 16,699 billion, but cost of sales climbed 29%, narrowing gross margin by about 7 percentage points. Education revenue fell 5% in Q3, and VCBS forecasts a 5% drop to VND 5,825 billion in 2026 and another 5% decline to VND 5,534 billion in 2027.
- Pain for shareholders of FPT, Masan Consumer, SSI: Tens of thousands of billions of VND in market cap 'evaporate' since the start of the year
The 20 companies with the steepest market-cap declines on Vietnam's stock market lost a combined 622,748 billion VND between Dec. 31, 2025 and the start of trading on Nov. 3, 2026. FPT led with a 68,532 billion VND drop (42%), followed by Masan Consumer (down 62,473 billion VND, or 26.4%) and GELEX Electric (down 49,373 billion VND, or 54.9%). PNJ posted the steepest percentage decline at 75.9% (25,102 billion VND), while seven banks in the Top 20 accounted for about 184,377 billion VND. The article notes that market-cap changes reflect both share prices and changes in shares outstanding, so the decline does not equal cash actually withdrawn from the market.
- Foreign investors’ net selling since Vietnam’s market upgrade raises alarm
Since FTSE Russell upgraded Vietnam to secondary emerging market status on September 21, foreign investors have net sold nearly VND 30,000 billion on HoSE over about a month and a half, with only 3 of 32 trading sessions seeing no net selling, and year-to-date net selling reached nearly VND 121,000 billion as of November 3. The VN-Index has dropped more than 116 points (over 6%) since the upgrade, while average HoSE trading value has fallen to about VND 13,000 billion per session, one-third of a year earlier, as domestic cash flow stays thin amid high interest rates. The article remains optimistic on long-term prospects, citing stable macroeconomics, rising corporate earnings and a P/E near 12, and says foreign inflows could reverse soon.
- Over 21,000 billion VND poured into IPOs: More quality supply for the stock market
Six IPOs since early 2026 (DMX, HPA, LPS, HGI, F88 and DVV) have raised more than 21,000 billion VND in total. Điện Máy Xanh (DMX) raised over 13,300 billion VND, and although it did not sell all its shares (subscriptions reached 93% of the offering), its valuation above 100,000 billion VND (about USD 4 billion) makes it one of the most valuable non-financial companies to list since 2018. Unlike the 2017–2018 wave, which was mainly driven by banking, finance, consumer goods and real estate, this round includes retail, infrastructure and agriculture firms. The article also notes that many private conglomerates are listing subsidiaries to reflect the separate value of their business units. Highlands Coffee, CP Vietnam and Bảo tín Mạnh Hải are mentioned as having IPO plans.
- Company with VND 1.5 million billion in debt misses loan payment, roiling China’s credit market
Zhuhai Huafa Group, almost wholly state-owned and carrying interest-bearing debt of RMB 413 billion (VND 1.5 million billion), missed payments on two trust products and asked to extend some bank loans, triggering the sharpest selloff in China’s credit market in two years. Within two sessions to November 2, yields on benchmark Chinese corporate bonds rose 10.3 basis points, and the Huafa real estate unit posted a net loss of RMB 6.44 billion in the first nine months. Fitch placed Huafa on rating watch negative at BBB, while Huafa has since repaid one of the two delayed trust products. According to China Zheshang Bank, if Huafa keeps paying public bonds in full, the episode could be a temporary liquidity crunch, but extensions or restructuring could force markets to reassess risk across the state-owned enterprise sector.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.