AGP Executive Report
Last update: 8 hours agoBinance Hack: The exchange says a months-long campaign involving tampered software, a fake job interview and an internal AI tool led to the theft of $6.3 billion. The FBI blames North Korea, which denies involvement. Binance says it has replenished 98% of affected assets, frozen $2.85 billion and will cover customer losses. Market Fallout: Bitcoin fell below $77,000 as the hack and US midterm uncertainty weighed on prices. Binance has resumed withdrawals, though customers pulled billions after access returned. More Security Risks: Brazil’s Mercado Bitcoin reported a separate attack that drained about $46 million across multiple blockchains. Crypto Adoption: Bhutan’s Gelephu Central Bank has been authorized to invest in crypto reserves, while Kenya’s crypto transfers hit a record 740 billion shillings ($5.7 billion) in the year to June, driven in part by remittances and trade.
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