Binance loses $6.3 billion in the biggest crypto heist ever | The 8:30

Binance has confirmed that about $6.3 billion in cryptocurrency was taken overnight, the largest theft the industry has ever recorded and roughly four times the Bybit hack of February 2025. Jake Conley has the figures and the company's promise to make every customer whole. Julie Hyman has the detail that it may have come through a single compromised computer. Then Owen Lau of Clear Street argues the industry has survived hacks like this before, and Hyman asks him why this is not an existential problem for an asset class that sells itself on safety. Featuring Julie Hyman, Host, Yahoo Finance Jake Conley, Breaking Business News Reporter, Yahoo Finance Al Root, Associate Editor, Barron's Owen Lau, Managing Director and Senior Analyst, Clear Street Watch the full episode of The 8:30: https://youtu.be/2nrrSvFlLU4 Timestamps 0:00 A record heist at Binance 1:12 How much actually went out the door 3:19 Owen Lau on what it implies 4:40 The industry has to wake up 5:59 Could AI make attacks like this easier 7:08 What regulators are likely to do next 8:10 Is this an existential risk 9:35 Why tokenization is the real use case #Binance #CryptoNews #Bitcoin #The830 #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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