FOX · 2026-10-31 03:09 UTC

Expert warns of 'AI hacking bloodbath' following massive Binance cryptocurrency theft

Binance suffered a $6.3 billion cryptocurrency theft, with hackers compromising internet-connected wallets and gaining unauthorized access through multiple intrusion points including a compromised laptop. Binance reserved $6.34 billion in company funds to cover losses and said approximately $3 billion in stolen assets were frozen on-chain with industry help. Eric Schiffer warned the breach signals a broader wave of AI-powered cyberattacks ahead, though he predicted Binance would recover financially despite credibility damage and loss of asset holders.

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