UPDATE 10/30/26: Binance has temporarily suspended customer withdrawals after suffering what investigators say is the biggest crypto hack in history. According to Binance CEO Yi He, the company estimates roughly $6.3 billion in funds were impacted, with roughly $3 billion in assets frozen on-chain so far. Rest assured, "your money is safe, and we're covering every loss," said co-CEO Richard Teng in a LinkedIn post.

"This was a complex attack," said Teng. "The attacker also used a self-destruct mechanism that destroyed tooling and tracers, making it more difficult for us to trace." From a report: Teng said the incident was not carried out by one person. While the initial investigation indicated the involvement of a compromised laptop, further digging revealed additional points of breach. [...] Blockchain analysis firms TRM Labs and Elliptic have linked the theft to North Korean hackers, with TRM attributing it "with high confidence" to a group known as TraderTraitor, the same group responsible for last year's Bybit hack.

Elliptic estimated Friday that about 44% of the stolen assets have been frozen, with stablecoins accounting for nearly all of those funds. The firm estimated that attackers still controlled over $3 billion in crypto that token issuers cannot directly freeze.

The hackers appear to have compromised Binance's wallet-signing infrastructure, allowing them to authorize transactions that drained billions of dollars in cryptocurrency across multiple blockchains, according to the firms. Binance, in its preliminary stage, has conducted an investigation into the hack, which suggests the incident may have begun with a compromised engineer's laptop. The exchange added that it has found no evidence that wallet passwords were leaked. Below is the original story from yesterday, Oct. 29th.
Binance is investigating a potential hack after more than $2 billion in crypto was drained from one of its wallets into a new external account, with Blockaid estimating nearly $3.3 billion was moved.

"Our teams are aware of reports of a potential security issue and are actively investigating," said Binance on X.

"User funds are safe," said Binance founder CZ. "It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance anymore, but as a shareholder, I expect all user funds will be fully covered."

At around the same time, crypto-based prediction market Polymarket reported its own security incident that wiped out around $2.7 million in user funds.

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Reddit plans to require users to log in to browse the platform, ending its longstanding practice of allowing anonymous visitors to access posts and discussions. According to CEO Steve Huffman, a key reason behind the decision is to curb unauthorized scraping and automated traffic.

"This is a big change for Reddit, where we've allowed logged-out access to basically all of Reddit for the last two decades," Huffman says. "And I don't know about you, but as someone whose life has been defined by the open internet, it's a big change for me. But I've come to the conclusion that this is the right decision for our platform and the right decision for our business." The Verge reports: There's no definitive timeline on when this change will roll out to all users, or how the site will work if you're logged out. (If I send my friend a link to a thread and they aren't logged in, what will they see?) To start, Reddit will test the logged-in requirement in "select markets outside the US" in the "coming months," according to CEO Steve Huffman. "We'll look at the impact on the user experience, on our business, and on the whole Reddit ecosystem, figure out where the right boundaries are, and go from there." Reddit has also rebuilt and is rereleasing the Reddit app's incognito mode.

Huffman claims the login requirement is better for Reddit's user experience and its ads business and is "more protective of Reddit data." The "vast majority" of unauthorized Reddit access happens "through our logged-out experiences," though the company will still strike licensing deals of its data with companies, like the deals it made with OpenAI and Google in 2024. Huffman notes that Reddit does not need to know a logged-in user's identity -- "Honestly, we don't want to know" -- just that the user is logged in at all. And he says that more logged-in users lets the company deliver "more relevant ads."

Read more of this story at Slashdot.

Under the UK's planned social media ban, more than 100,000 British teenagers aged 16 and 17 could initially be locked out of social media because they lack a passport or driving license that may be needed as a fallback for age verification. The Guardian reports: Ofcom, the UK's online watchdog, said about 150,000 16- to 17-year-olds do not own a passport or driving licence, which are likely to be needed to access age-restricted platforms. The Australia-style ban on under-16s accessing social media services, including Instagram, TikTok and YouTube, is due to come into force next spring. The head of Ofcom, Melanie Dawes, said "motivated children" would seek to bypass the restrictions, as has happened in Australia.

On Thursday, Ofcom published an assessment of age verification measures that could underpin the ban, outlining four "highly effective" methods: checking a person's official ID against a live selfie, a bank verifying an account holder's age, an official digital ID service like the Young Scot card, or estimating someone's age via a selfie. However, the watchdog said a form of official ID would probably be needed as a "backstop" for other methods, such as facial age estimation, which could be inaccurate by several years. Ofcom said a cohort of 16- to 17-year-olds could miss out as a result. "This means that people without a form of photo ID will likely need to take steps to obtain one to access age-restricted services," the regulator said. The report notes that more than nine out of 10 Britons over 16 have passports or driving licenses.

"We should expect that motivated children will seek to bypass the restrictions -- just like alcohol laws can't completely eradicate underage drinking -- but there'll be ways for platforms to mitigate this risk," said Dawes. "This will be a huge cultural shift for our society, so it'll take time to adjust, and everyone will have a part to play."

Read more of this story at Slashdot.

10 full-time drivers will make way for junior, test and reserve drivers during FP1 at the Autodromo Hermanos Rodriguez.

Mexico City will see Nikola Tsolov and Freddie Slater make their FP1 debuts in Formula, over the years plenty of future F1 stars have made their mark in Friday practice before them. F1.com looks back at some familiar names who made FP1 performances.

Roels Oliebollen viert dit weekend een bijzondere mijlpaal: zondag bakt de familie Roels precies 50 jaar oliebollen. Wat ooit begon met een ijskoude eerste werkdag, groeide uit tot een geliefd familiebedrijf. Inmiddels staat de tweede generatie achter de kraam. En dat maakt oprichter Henk Roels apetrots. "Wij allemaal, ook de kinderen en mijn schoonzoon, hebben liefde voor het vak. We willen iets moois maken."

Humanitarian convoy brings food and medicine to Russian-held city near Kherson where people have faced months of severe shortages

People living in the besieged Russian-held city of Oleshky in southern Ukraine were evacuated on Friday as part of a joint relief operation, the first of its kind in four years and eight months of war.

The city, which lies on the Russian-occupied side of the Dnipro River, opposite Kherson, has suffered months of serious food and medical shortages, leading to warnings of starvation for the few thousand people remaining there, including about 50 children.

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date stamped on slide June 1981