Richard Teng

Money Moves

Said on November 3 that hackers spent months getting in through a tampered Homebrew installer and a malware-laden job interview, and that Binance had replenished 98% of affected assets

Binance has reopened withdrawals on most of the networks it shut after the October 29 theft, and says it has replaced 98% of the $6.34 billion in affected assets. Its incident report traces the breach to a tampered software tool in June and a fake job interview in September.

Updated 2 days ago

Money Moves

As of September 2026: Overseeing Binance's Circle investment

Binance bought $100 million of Circle stock on Sept. 17, becoming a part-owner of the company behind USD Coin (USDC), the second-largest stablecoin. The equity purchase came with a five-year commercial agreement that pays Binance a monthly fee tied to USDC holdings it helps grow.

Updated Sep 23