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    FBI HACKERS

    Binance is set to restore withdrawals across all networks and assets by the end of next week. This decision comes after recovering 95% of the $6.3 billion lost in the October hack, which the FBI attributes to North Korean actors, though the nation denies any involvement. Binance pledges to fully reimburse affected clients as operations return to normal.

    Binance targets full reopening of withdrawals by next week

    Binance is set to allow withdrawals for all remaining networks and assets by the end of next week, following a major security breach last month that led to a staggering $6.3 billion theft. Earlier this week, the exchange resumed withdrawals for 87 networks, covering 95% of the tokens taken. The FBI has tied the hack to North Korea, a claim that the regime disputes.

    Nvidia scandal just the tip of the iceberg? How China's spy machine plays a bigger game

    The exit of Jensen Huang from Nvidia stems from serious allegations surrounding an extramarital affair linked to potential Chinese intelligence ties. This issue has evolved from a corporate scandal to a national security threat, sparking probes.

    Nvidia scandal: The AI arms race puts human spies back into the game

    The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.

    Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief

    The announcement comes just over a week after Binance said hackers stole cryptocurrency in a sophisticated attack that began months earlier with the compromise of several employees' computers.

    Binance $6.3 billion heist to prompt closer scrutiny by insurers

    Following the $6.3 billion Binance heist, insurers are stepping up their scrutiny of cryptocurrency firms' security measures. During policy renewals, they will inquire about vulnerabilities exposed by the Binance incident. This reassessment could lead to new security prerequisites and an overhaul of risk evaluations. The event underscores the inadequacies of existing insurance solutions in the crypto landscape. Insurers will likely keep a vigilant eye on developments as the sector progresses.

    The Economic Times
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