Decrypt headlines
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Claude-Built Linux Exploit Targets Bug That Ubuntu Still Hasn't Patched
Anthropic says Claude wrote an attack that can take over a Linux server with no password. Red Hat patched on Sunday, but Ubuntu still has no fix.
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Tom Lee Calls Bottom on AI Stock Selloff, Citing Tight Supply and Crypto Resilience
The Fundstrat strategist says constraints on AI spending have slowed growth without ending the boom, while crypto’s response to the Binance hack suggests sellers may already be exhausted.
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North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
$2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.
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Proton Users Revolt After CEO Calls Security Caution 'Loser Thinking' Amid AI Push
Proton customers say they are canceling subscriptions after reports of pressure to adopt AI coding, as the privacy company scraps employee re-interviews but defends its broader shift toward automated development.
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Nvidia and Nike Lead Biggest Wave Yet of Tokenized Stock Objections
Nvidia, Costco, Nike and nine other companies objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 50.
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Elon Musk Mocks Sam Altman Over Claim Home PCs Are Wasting RAM
The OpenAI CEO said it's "quite terrible" for DRAM to sit largely idle in personal computers while AI data centers face a supply crunch.
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Brazil's Largest Exchange Mercado Bitcoin Halts Withdrawals After $40 Million Hack
Brazil's largest crypto exchange paused deposits and withdrawals after a security incident. Tether froze more than 4.5 million USDT tied to the attack.
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Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish
The chairman laid out six reasons the market’s “muted” 4% ETH drop after the record Binance theft shows crypto is “increasingly resilient,” as the firm’s stash neared its 5% supply goal.
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How T7X Is Building the Infrastructure for a New Era of Capital Markets
T7X records ownership directly on-chain instead of wrapping assets held elsewhere, keeping token and asset under one legal framework.
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Morning Minute: The Binance Hack Leads to Mass Outflows while FBI Opens Probe
Uptober was far from it, with the Binance hack punctuating a red month. Will November be better? Or will the Binance hack hang over crypto?
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Strategy Resumes Bitcoin Buys With $66M Purchase
The Bitcoin treasury firm also spent $208.2 million buying back its STRC preferred stock, cutting its USD Cash balance to $132.7 million.
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BTCPay Tells Merchants to Switch Off Servers Amid Hot Wallet Attack Reports
The Bitcoin payment software says attacks targeted versions 2.4.1 and older, days after it shipped an emergency fix for a critical flaw.
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FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
Binance saw $3.64 billion in net outflows in the first nine and a half hours after reopening withdrawals, or 2.1% of its assets, it said.
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Bitcoin ETF Investors Head for the Exits After Record Binance Hack
Bitcoin ETFs saw $643.2 million in outflows Friday, the first full trading session after the $6.4 billion Binance hack, ending October with roughly $516 million in net outflows.
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How to Run an AI Model Locally—And Why You Might Want To
Free tools like Ollama and LM Studio can run open-weight AI models on your laptop, offline, and without a subscription. Here's how to get started.
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Binance Hack: Everything You Need to Know About the Biggest Crypto Heist in History
Attackers tied to North Korea drained roughly $6.4 billion from the world’s largest crypto exchange. Here’s what we know about how it happened, who’s behind it, and what comes next.
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Why AI Models Cheat: Reward Hacking, Explained
From boat-racing bots to OpenAI models inside Hugging Face, here's how AI reward hacking works and why it matters.
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Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.
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Intel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand
Intel beat third-quarter earnings expectations, but warned of a prolonged PC slump, sending shares to their worst daily decline in 50 years.
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Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and Strategy.
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Reddit Stock Plunges 30% as Google's AI Search Hits Traffic and User Growth
Reddit shares are down 44% this week after CEO Steve Huffman warned that Google's AI-powered search features are cutting referrals, while weaker user growth and disappointing fourth-quarter guidance added to investor concerns.
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Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018
Binance lost about $6.4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.
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$8 Million Crypto Kidnapping Lands Texas Brothers 15-Year Prison Terms
Raymond and Isiah Garcia held a Minnesota family at gunpoint for more than nine hours, forcing the father to transfer over $8 million in crypto, in one of the clearest “wrench attack” prosecutions yet.
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Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds.
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Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.
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Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack
After Musk appeared to mock Binance’s $6.3 billion hack, CZ reminded him that the exchange’s $500 million bet on his Twitter takeover is now worth over $1 billion in SpaceX shares.
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What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack
EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.
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Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft: Report
Israel's Supreme Court ruled that exploiting a coding flaw can count as computer intrusion, even when the software allowed the transaction.
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Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.
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TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.