AGP Executive Report
Last update: 8 hours agoBinance Fallout: Outflows have normalized after customers withdrew $4.72 billion following the $6.3 billion hack, Binance says; it has replenished about 95% of the stolen assets and says customers will not absorb the losses. The exchange traced the attack to fake job interviews, malicious software and compromised internal AI tools. Attribution Dispute: The FBI blamed North Korea’s TraderTraitor group, but Pyongyang denied involvement and called the claim a political provocation. Market Security: Bitcoin hovered near $77,000 as the breach rattled traders and renewed calls for stronger exchange safeguards; South Korea is weighing a 99% cold-wallet requirement. Policy and Payments: South Korean lawmakers are seeking to delay crypto taxes until 2029, while Shopify and Coinbase are developing stablecoin payments on Base for merchants.
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