Protos headlines
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Can Nvidia fire CEO Jensen Huang over his affair?
Nvidia CEO Jensen Huang has admitted to an affair with a Chinese spy who was the founder of the largest buyer of Nvidia’s AI chips in Southeast Asia. As reporting uncovers her role in assisting with smuggling Nvidia’s chips and/or IP into China — raising US national security concerns — some...
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North Korea launders Binance funds with Elon Musk memecoin, report
North Korea-linked hackers who stole $6.4 billion from the world's biggest crypto exchange Binance are reportedly laundering the stolen funds using TRON, Solana, and NEAR-based memecoins. Crypto security analysts at Elliptic claim to have linked around $430,000 worth of NEAR to the creation of six...
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Binance faces renewed scrutiny as CFO exits amid compliance turmoil
The resignation of Binance's chief financial officer (CFO) Kaiser Ng just nine days after North Korean hackers dra i ned $6.3 billion from the exchange has raised eyebrows on social media. Ng's original resignation announcement earned half a million impressions on X, plus a quarter of a million via...
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Japanese credit unions hit by outage amid AI stock sell-off
Customers of 128 Japanese credit unions were left unable to withdraw cash today after one of Japan's banking systems suffered an outage amid cascading price drops across the country's stock market. Local media reports that the Shinkin Joint Center outage rendered ATM machines across the Tokai...
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LIVE: Nasdaq suffers record $2.3 trillion loss as AI sell-off deepens
Wall Street just lived through a crash for the ages, as the Nasdaq 100 erased a record $2.3 trillion in market value yesterday — its largest ever notional loss. A sell-off in AI stocks that started on October 7 accelerated yesterday as the VIX volatility index surged more than 70% in a single...
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Gnosis Pay breach exposes customer addresses
Gnosis Pay, a firm that issues white label stablecoin cards, has announced a data breach affecting those cards. Specifically, it claims that earlier this week on November 3rd that they “detected unauthorised access to the system powering Gnosis Pay-branded cards (our B2C business line), resulting...
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China central bank probes Solana after Shanghai shutdown, report
China’s central bank has launched an investigation into Solana after authorities shut down an “illegal” promotional Solana event last month. According to China’s Financial Times , an official from the People's Bank of China revealed that it's halted further in-person Solana promotional events in...
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AI insiders had already cashed out $7.4 billion before stocks crashed
Insiders at publicly traded AI companies personally cashed out $7.4 billion near peak prices from May through October — right on time. An index of the largest AI stocks, the PHLX Semiconductor Sector, has crashed 32% since its October high. Since the start of November, this widely-followed AI index...
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Kalshi, Coinbase stock perps under threat ahead of CFTC deadline
Tomorrow will be a climactic moment in a competitive battle between the Chicago Board Options Exchange (CBOE), Kalshi, and Coinbase over stock “perps,” a crypto-inspired derivative that uses perpetually-rolling futures funding to create leveraged instruments for betting on stock prices. Despite a...
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Ethereum Foundation sued for firing employee who opposed ‘suicide pledge’
A lawsuit filed by former Ethereum Foundation (EF) Protocol Support lead Kayleen Fulton against Stiftung Ethereum, Vitalik Buterin, and others alleges she was fired after disclosing a cancer diagnosis and organizing opposition to a “suicide pledge.” In February of this year, the foundation...
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Binance hack spooks US gov’t into checking on banks, report
Spooked US regulators are reportedly contacting banks to probe for unusual activity or disruptions in the wake of the $6.3 billion Binance hack. US banks are also trying to learn from the hack and are reportedly checking their own security systems to figure out if they're prepared to respond to a...
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Binance drops SignalPlus API keys after potential hack
Binance has removed all of its API keys associated with crypto trading terminal SignalPlus as an “immediate precautionary measure” following a potential hack at the third-party firm. Binance posted today to its X account, “Binance's own systems are unaffected. User funds remain safe.” Crypto...
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Elon Musk spent $400M on Republican super PACs during midterms
Elon Musk funneled $474 million into Tuesday’s US midterms, and based on polling estimates after a definitive Democratic sweep, approximately 98% of that money went to losing candidates. A trace of Musk’s midterm donations by Wired estimated even higher: 99% to losers. Even worse, Musk ended up...
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Strategy raises $5.4B but barely buys bitcoin
Michael Saylor’s Strategy diluted common shareholders by $5.4 billion worth of stock sales between July and September but bought just $588 million worth of BTC. This means that less than 11 cents from every $1 raised last quarter went towards buying BTC. Strategy says that when it wants to buy BTC,...
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Election night was bad for Trump cryptocurrencies
Last night, the Democratic Party outperformed expectations in the midterm elections, securing control of both the House of Representatives and the Senate in the next Congress. This turned out to be bad news for Trump family cryptocurrencies. The Democrats' performance, which some have dubbed a...
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BitMart hit by $391K hack amid security staff exodus
Crypto exchange BitMart was hacked for $391,000 this week as it struggles to retain its “severely understaffed” security team. Founder Sheldon Xia revealed that the hack took place on Monday and is one of “numerous attacks” it's dealing with. Blockchain data firm Bitquery reports that $391,000 was...
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Crypto survived cybersecurity awareness month… just
Cybersecurity Awareness Month is thankfully over. An already bumper month, which saw a PHP vulnerability threaten an estimated 70% of websites and Ledger devices drained for $90 million via spyware implants, ended with a bang as Binance suffered the biggest hack (or theft of any kind) in history....
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XRP treasury firm Evernorth Holdings falls to record low
Evernorth Holdings, the XRP digital asset treasury firm whose shareholders include Ripple Labs, Arrington XRP Capital, and SBI Holdings, reached a record low close since its merger became effective of $11.70 yesterday evening. This is down 44% from its first-day high of $21 on October 9. The...
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Live: What stock traders are saying about US midterm elections
Halfway through the current US presidential term, the country is holding midterm elections to determine the balance of power in Congress and many state capitols. Polls are open, and traders are reacting to an influx of election news by repricing financial assets. Today, voters will elect...
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LIVE: What traders are saying about US midterm elections
Halfway through the current US presidential term, the country is holding midterm elections to determine the balance of power in Congress and many state capitols. Polls are open, and traders are reacting to an influx of election news by repricing financial assets. Today, voters will elect...
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Binance sits to benefit from First Digital listing
First Digital Trust, the firm behind the FDUSD stablecoin, announced early last month that it had signed a business combination agreement that would result in it being publicly listed, with a closing expected next year. The announcement comes after the market capitalization of its flagship product,...
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AI companies rush to borrow cash as stocks crash
AI companies have announced over $200 billion worth of new cash borrowing and equity financing deals during the second half of this year despite the PHLX Semiconductor Sector shedding a quarter of its value in the same period. Created in 1993 by the Philadelphia Stock Exchange, the PHLX...
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Linux earns ‘worst bug in the history of the internet’ status
Claude’s newly-discovered zero-click Linux vulnerability was branded “the worst bug in the history of the internet” over the weekend after it earned a 9.8 out of 10 on a common vulnerability scoring system, and spooked Ubuntu Linux users who suffered a delay on code patches. The bug, CVE –...
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Mercado Bitcoin hack losses are at $46M and growing
Brazilian crypto exchange Mercado Bitcoin has paused withdrawals and deposits after losing an estimated $46 million worth of crypto to hackers. The exchange claimed it contained the security incident this morning, saying, “There was no harm to customers,” and “there was no data breach.” It said the...
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European supermarket fridges hacked again
Fridges in supermarkets across Europe have been hacked and set to defrost for a second time this year as part of a cyberattack that will likely cause millions of euros worth of damage. BNO News reports that fridges in Belgium, Luxembourg, Sweden, Ireland, Estonia, and the Netherlands were hacked...
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Strategy insiders sold millions, then the CFO resigned
Before Andrew Kang, Strategy’s Chief Financial Officer, announced his resignation on the day of the company’s quarterly earnings announcement, insiders at Michael Saylor’s bitcoin (BTC) company had sold 227,580 shares of MSTR over the course of the year. MSTR, the company’s Nasdaq-listed common...
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Renewed calls for rate limits following record outflows
As is often the case following large scale crypto heists, industry voices have called for the use of measures such as “rate limits and time delays” to limit the damage of future events. We need more rate limits and time delays in the ecosystem — Arik Galansky (@arik_g) October 30, 2026...
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Trezor reveals Malaysian reseller sold wallet with spyware
Trezor claims it has seen one of its crypto wallets sold by the official Malaysian-based reseller CryptoBilis containing a physical spyware implant. The tampered wallet was Trezor’s ‘Safe 5’ model, and was bought from CryptoBilis in August this year. Trezor told Protos that the implant involves an...
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How the Binance hack happened on-chain on Ethereum
The Binance hack is one of the largest heists of all time and relied, in part, on exploiting how wallet delegation functions on Ethereum. Specifically, the attacker appears to have deployed a sweeper contract and then sent 50 EIP-7702 authorizations targeting the address labeled as Binance 14, all...
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LIVE: Binance suspends withdrawals amid massive crypto hack
Billions of dollars worth of digital assets left wallets controlled by the world’s largest crypto exchange, Binance, on Thursday afternoon New York time. Pending the success of any recovery efforts, the dollar value of missing assets tentatively rank Binance’s loss today among the largest heists in...