The Daily Wolf | Binance lost $6.3 billion in the biggest crypto theft ever

From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance. The FBI has attributed the $6.3 billion theft from Binance to North Korea's TraderTraitor group, which moved the money across ten blockchains in about twenty minutes. Binance says it replaced roughly 95% of it from its own reserves, and investigators have frozen another $2.85 billion. Scott Melker explains why the outflows stayed under 4% of customer assets. Strategy bought 811 Bitcoin and now holds 849,327. Bitcoin ETFs lost $643 million on Friday, their worst day since June. And Chris Larsen, Chairman of Ripple, is personally funding the senator his own company's super PAC is spending millions to defeat. Timestamps0:00 Bitcoin flattens after the Binance theft, and the midterms are tomorrow1:28 Strategy buys 811 Bitcoin and holds 849,3273:36 The FBI attributes the $6.3 billion Binance theft to North Korea7:58 Chainalysis is breached while tracing the Binance theft9:21 Bitcoin ETFs lose $643 million, their worst day since June11:19 Fifty companies now object to tokenized versions of their shares12:41 The crypto industry has spent more than $200 million on the midterms13:27 Chris Larsen, Chairman of Ripple, funds the senator Fairshake is attacking #Binance #NorthKorea #Bitcoin #MichaelSaylor #Crypto #DailyWolf #YahooFinance Watch every episode on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices